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All Forum Posts by: Moses Lee

Moses Lee has started 1 posts and replied 1 times.

Starting Out

Post: Do I need umbrella policy if rental property insurance also includes liability

Moses LeePosted
  • Posts 1
  • Votes 0

Just purchased my first investment property. I am currently shopping for insurance. At this stage, I don't think I need to set up an LLC, but I see a lot of people recommending getting an umbrella policy. I got a couple quotes that includes liability coverage. If the rental property insurance includes liability, is it also a good idea to get an umbrella policy as well? I do plan on purchasing more properties in the future, but not anytime soon.

0 Votes