A banker will carry an umbrella for you on a sunny day but as soon as it starts raining they run for the hills!

Double my money with interest annualized 15% interest for the duration of the rehab until sold.Contingencies:The property needs to completed within 30-45 days, put on the market, and sold by 60 daysMy solo 401 K is the second lien on the property.The property if not sold within 60 days the GC shall sell the house to me for the negotiated purchase price of $ 270,000.00 Property to carry umbrella policy to replace man-made and natural calamities.Should the cost overruns increase the lender's equity will proportionally increase.Is this a win-win for both parties if the deal goes south if the GC doesn't keep his end of the bargain of completing the project within 45 days and not sell in 60 days?

Like a banker, an insurance guy is someone who sells you an umbrella in a heatwave but wants it back when it rains.

I plan to buy 1 million umbrella coverage for my mother (her total assets is less than 1 million). will that be enough?

We are already planning on getting an umbrella policy but would also like to take advantage of the protections afforded by an LLC (which undeniably aren't too strong in the great state of CA).

Make sure you have enough insurance, umbrella policy. 

Unless your only concern is to have a check made out to "Kick Butt LLC" vs "Karla Talancon" lolResearch: Piercing the corporate veil, self managed, LLC vs umbrella, commingling funds, etc. 

We will of course extend liability from our personal home and get an umbrella.  

I'm also going to get an umbrella policy, but they are pretty tough to find affordable ones in Florida, especially when you have 10+ rentals.

There is a lot of talk about getting liability protection through LLCs and people on here who purchase umbrella policies to hedge against the risks of owning property.I don't want to debate whether any of these help, I want to know if you or anyone you personally know has had a claim on an investment property that has exceeded the policy limits.