Hello, I've been talking with individuals loaning under the umbrella of Financial Global, LLC out of San Jose, CA.

In that case, you'll need umbrella insurance because the tenant is not looking for you to waive a month's rent for negligence, but a few million.

The one policy covering all would be called an umbrella policy. 

Consider average cost houses in that area are selling, taxes on the house, closing costs, maintenance costs, umbrella insurance costs, PMI costs until I own 20% of the property...

For asset protection, keep $500,000 liability insurance on each house and a $1 million umbrella policy over all of your rent houses.

So here are the numbers:+$550 — rent- $240 — lot rent- $75 — loan repayment- $50 — vacancy- $50 — maintenance- $10 — umbrella insurance+ $ 75 Cash Flow.The plan is to rent it for about 2 years and then try to sell it with a lease option.

You should already have a large umbrella policy covering your net worth both personal and rental.

I'm a little behind the ball on this, but I decided I need an umbrella policy for protection.

I think an umbrella liability policy suits most people just fine.

I'll also have an umbrella policy but I want protection through the LLC.Also, if I personally guarantee a loan, does it still show up on my credit report?