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Updated over 9 years ago, 08/06/2015

User Stats

144
Posts
28
Votes
Kevin Trumbull
  • System Administrator / Investor
  • Eugene, OR
28
Votes |
144
Posts

Should I get Umbrella Policy with 1 rental that already has 1mil liability?

Kevin Trumbull
  • System Administrator / Investor
  • Eugene, OR
Posted

I'm looking at purchasing my first rental, and I've gotten an insurance quote that includes 1mil in liability for the property.  Should I also get an Umbrella Policy, or do you think I can hold off until I have at least 2 properties?

I know there are a lot of ins and outs to it, just looking to get a general idea from more experienced investors.

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