Have your standard Home/Hazard insurance on the property and your personnal "umbrella" policy for liability.The company itself will be required to maintain their own insurance and each patient/resident under their care will sign a contract with that company, not with you as the property owner.I have a 5 br home in Oahu, HI leased out for the next 3 years to a residential assisted living facility above FMV rent.Biggest thing is making sure that the company does THEIR DUE DILIGENCE in pulling the permits and making any changes to the home in order to comply with the state regulations.

Hey @Jorge Leon - It might be worth looking at your insurance as a total package (i.e, car, home, umbrella, etc.) and take that to a broker who might be able to get you an overall price. 

I also have general liability insurance, a personal umbrella (which I don’t think will cover me as I may need a commercial umbrella).

From a practical standpoint, add an umbrella policy to cover liability in case you get sued just to be safe. 5.

I do plan to hold it in an LLC, have good insurance and umbrella as well. 3) Older homes in PS - most of the homes in PS are built in the 40s-50s and for those that own them, do you constantly run into issues with major ticket items - plumbing, electrical, etc (things that are not visible to the naked eye).

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is expected to be higher, you may consider an umbrella insurance policy.

This seems simple enough and I could increase my umbrella coverage limits for added protection.

Second, Maybe drop insurance from cabins and only insure the high value buildings and have an umbrella policy or something to cover general liabilities etc. 

So often people will want to do an umbrella policy for risk.

Do I go get an Umbrella Policy?