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15 August 2019 | 5 replies
Generally, if you cant move everything under your LLC, be sure to have a personal umbrella policy as a fallback in the rare chance if that was to happen.
17 August 2019 | 4 replies
I have come across a few strategies: Series LLC - It's an LLC but each property goes into it's own "series" or child LLC - Only a few states have these and I've heard that they aren't "proven in court" - they don't have a lot of precedents - other than that, they seem ideal.Putting each property into a Real Estate Privacy Trust (AKA Land Trust) and making the beneficiary the LLC - there isn't a lot of info on these (pros & cons) It doesn't seem common and I can't find a lot of unbiased infoCreating a separate LLC for each property - this seems like a lot of overhead and complication and renewal feesNot doing an LLC and instead just get an umbrella insurance policy - I'm concerned that they are cheap because they rarely pay out.I'm looking for thoughts, opinions, and suggestions on the above strategies - OR If you have another strategy, I'd love to hear about it!
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17 August 2019 | 1 reply
Either way look for a commercial umbrella policy that can cover both LLCs (not sure if that is possible to be honest) or the LLC and DBA as one.
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30 April 2019 | 2 replies
How important is it to carry an additional umbrella policy for a million dollars extra?
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1 May 2019 | 5 replies
., and the other to protect you from liability claims against you, called general liability or umbrella liability insurance.
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2 May 2019 | 4 replies
It's really a cart before the horse kind of thing, and you can get all the protection you need from an umbrella insurance policy.
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4 May 2019 | 2 replies
Sit back and enjoy an umbrella drink!
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1 May 2019 | 4 replies
Do you have an umbrella insurance policy?
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5 May 2019 | 10 replies
They will probably recommend an umbrella.
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6 May 2019 | 16 replies
I understand umbrella insurance is very popular on this site, but for me if there is a catastrophic incident on your property you can never have enough insurance and the next level would be your assets which includes things in your personal name.