My last response was two years ago and my policy has changed since then.

Be sure to get a broker that specializes in these policies, some people are brokers but still do not have access to these types of insurance policies. 

Hi Chris,Long story, but an umbrella policy is not an option for me.

Hi BiggerPockets Family,I am looking to insure a triplex that I own in Philadelphia which is under my LLC.  Does anyone have any recommendations?

As far as I understand insurance protects you from different things.. and yes, we are definitely getting good insurance (umbrella policy for just one property?)

An "owner's title policy" is purchased (typically) by the seller for benefit of the buyer. 

Umbrella insurance policies can add an extra layer of protection across your portfolio.

Find the right insurance from the beginning and you won't have to worry about them canceling a policy.

First of all I put my acceptance criteria clearly in the ad: minimum credit score (enter X amount, 620 is what I use),income 2-3x rent, good rental history, references, no evictions, acceptance dependent upon background check and employment verification, pet policy, desired lease term, etc. so that people will hopefully read that and not come to the open house if they know they won’t qualify.

Another question: Have you noticed any change in income for the property since the policy was implemented?