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Updated over 12 years ago,
New Umbrella and Liability Insurance for 7 "1-3 unit" properties
Hi we have a portfolio of 4 Single Fam Houses, 2 Duplexes & 1 Triplex (7 total properties) in the Los Angeles area. The single family houses have FMVs from 250K to 750K; duplexes between 300K-380K, and triplex of about 500K
None are under an LLC.
We wanted to get an umbrella policy and liability insurance for them all.
Does anyone have any idea where to look? What prices or policies do you recommend?
Should I just go to "State Farm" or other big box insurance agencies or to smaller ones? Would it make sense to put them in separate LLCs? (LLCs are $800 each in California)
Thanks so much!