I am looking for a Personal Umbrella Policy.

But only you can answer what your time/effort is worth and the risk of spending the extra money only to get the same appraisal.It sounds like the bigger additional cost are the extras that THIS bank is requiring you to pay upfront.

@Erich Churchill  Welcome to Bigger Pockets! 

I read a lot of the forums and questions and answers. t's interesting how many people think that simply having insurance, and an umbrella policy with an LLC will really do anything to protect them.

I am looking for a personal umbrella policy which should cover more than 2 states.

Long leases only benefit the tenant....it may make you feel "warm and fuzzy" inside thinking you have them locked in for multiple years, but the bottom line is tenants will leave when the want/need to.....and you may have a case in court, but you will rarely see that $$.....And when that tenant becomes a nightmare, its a much bigger burden for the landlord to have a justifiable reason to break the lease...one that would hold up in court.So ALL the benefit really goes to the tenant.....not the landlord...so I don't see the upside at all....in fact I only do M2M...... worst case is I give them 30 day notice than I'm not renewing.....

Here's reasons why-https://www.biggerpockets.com/renewsblog/2013/08/1...In short though, I don't see a benefit to an LLC for one property that would cover anything more than an umbrella insurance policy would, and umbrellas don't bring all the drama that LLCs do.

Newbie from Palm Beach Gardens , FL.Hello everybody.Even though I wrote on the Bigger Pocket forum, I have not yet introduced myself properly to the BP community, but before I want to thanks Mike M specialist from Paradise Valley, AZ for has been the first person to welcome me.

Buy more expensive projects, get bigger profits.

First post on Bigger Pockets!