Your basic insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

LLC - Would you say it's smart to have an extra business insurance policy (like a personal umbrella,) on top of your standard Property Liability Insurance to cover being sued for accidents?

If you are using contractors to do the work, make sure to get proof of insurance and have the contractor name you as an "Additional Insured" on their policy.  

.: Best practice: don't wait five years to develop a plan.You should have a late fee policy and a termination/eviction policy.

It is a disastrous policy and is used to "sell" investors and make the b.s. numbers on paper look better. 

We have a "moderate" (full refund 5 days out) cancellation policy.

If you dont own them yourself, you wont have credibility to sell them to others.Step 2) Start a real estate MeetupStep 3) Grow your instagram Step 4) Join a local Realtor Association committee, preferably the Public Policy Committee.

Also, want to avoid disrupting home-owner insurance policy, and underwriting decision is to drop policy -or- rate policy to an up-charge?    

Form an LLC and if you are concerned about liability can also purchase umbrella policy in addition to your property ins.

They can also really help with what you need within your policy and where to look.