Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

We have had a pipe burst during the cold winter months, the roof needed to be replaced (thankfully covered by our insurance), and some issues with electrical, which hasn't been majorly updated since it was built in 1973. 

Would having a highly insured property (1,000,000+ liablity) plus not being a negligent or slum landlord be sufficient and not require the use of an LLC? 

I am currently with State Farm but they will not renew the policy after May 2025. 

I use strict / flexible cancellation policy.

its an insurance issue. not much else to do.. 

Account ClosedAdding your property manager as "additional insured" is standard practice and beneficial for you.

It might have been bound but many insurance companies have put those new policies on hold if the purchase has not happened due to the disaster and letting the mortgagee(lender) know that the policy is on hold.

If you are planning on using your savings for Real Estate Deals, I use high cash value Whole Life Insurance as my saving vehicle(IBC).

Leave it in your name, get a new insurance policy and call it a day and rent it out