Is it the same as umbrella insurance?

An Attorney will help with creating an LLC.LLC is not required, may make getting financing more difficult.It may provide some asset protection.Most of the asset protection that you need will come from the insurance policy.Discuss with the insurance agent on situations that you are not protected.Have a discussion with an attorney if your extra concerns can be protected through an LLC.

Hello Bigger Pockets, I am very excited to finally write this. I (Dillon Duffy) have been working on a building for a few weeks now and listening to Bigger Pockets podcast and videos on YouTube and trying to self lear...

-We have been told about Umbrella insurance from friends.

I've stayed in properties that offer a small selection of drinks or cheeses from local farms but have never seen it scaled to other aspects of the property.I'm wondering if any STR investors out there employ a similar arrangement?

These are a few things I would do to insure accountability. 

I just got a quote from my primary insurance company.

I drove by it right away after it was listed and made them an offer for 100k cash sight unseen.

I just keep analyzing deals and making solid offers based on the numbers.

During Covid it was very hard to use with all the multiple offer situation but it's  been better for people in the market I live in.