Do you have an umbrella policy for coverage?

Also carry adequate insurance and even an umbrella policy for added protection.

Carry umbrella liability insurance.

Maybe we could do better with an umbrella policy but that's what we have.If a motivated, suing attorney gets past your insurance company and their lawyers, he'll try to pierce the corporate veil of whatever entity you're using.

I do have a personal umbrella policy by the way, but I was told that since the property is under an LLC I would not be able to put it under my personal umbrella.

The reason for buying in my name only is that I have no assets here - so If my umbrella insurance was not enough to cover any litigation, I would have no assets to go after, all our assets are in local companies or my wifes name.

I have good insurance on everything and a blanket 5mil umbrella.

The home is in my name and while we have liability insurance on the home as well as a personal umbrella policy, I wanted require that in order for a tenant to have dog, that they would need to have renter's insurance with animal related liability coverage.

Do I also need umbrella insurance?

Tenant finally moved out and haven’t paid rent since August 2020 hiding under the umbrella of CDC moratorium.