This is not directly related to REI, but like I, many may have an umbrella policy simply because of rentals:There was that change in the law a couple of years back regarding uninsured and underinsured motorist coverage related to umbrella policies.My insurance company handled it this way:They automatically added the coverage to my policy and added an opt-out form I can send in.

Greetings;I am looking around for a new landlord policy for a house I own in WI (I live in CA).

Why is it so hard to find an insurance agency that can provide insurance for 9 rentals in LLCs, umbrella policy for all of them and do this with in a reasonable cost?

I'm afraid to put the policy in the LLC's name because I want to be covered personally.

Just get a $1mm umbrella liability insurance policy for a couple hundred bucks a year, and you should be fine at this stage of the game.

Also, they should allow you another unit, as most areas of the country now have a policy of allowing in law quarters, but they have different policies regarding them.

Easy to do and well worth spending a few bucks to make sure you don't run into unneccessary problems.During this process I also learned that it's very difficult to get new policies written while you have any open claims, so if you do run into an insurance issue - get it resolved quickly if you're slated to close on new property.

I'd aim to keep 3-6 months (depending on your tolerance for risk) of expenses in the savings account, but other than that I'd go for it!

I love telling this: Metropolitan introduced P&C business (HO policies).

I just had a deal fall apart because hud requested the hard money lender show a bank statement or letter from their bank showing they have enough funds to close the deal, when I told the lender about this they were dumbfounded, they told me that the funds was available but it would not be in the lenders account, since they pulling these fund from a pool of investors, and I spoke to more than one hard money lender and they told me the same thing(they were both willing to issue a strong letter of intent, hud said this was a new policy) I am wondering if anybody else has had this experience