Condo Master Insurance does NOT have full coverage of property structure.

Without knowing your job situation, retirement planning, etc. there are a lot of different variables at play here. 1) Renting the property would theoretically generate cash flow that would supplement your monthly retirement income.

Yes because most insurance polices have a vacancy clause that suspends coverage when property is vacant for 60 days.

AND, with the Roofing sales people (we have no salesmen), the independent adjusters, the fraud of the whole system, and the frequency of the "valid" storms that do warrant ins replacements ... yes, our areas have increased Costs and pricing.FYI, I actually got our business GL policy provider (ins co) out of Cali (they are licensed in 3 states) to cover my personal house ins, with more coverage, for 1/2 the price that Geico was raising it to!

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Then when you put a new rood on, they can remove that exclusion and have full roof coverage.

Umbrella policies act as additional liability coverage.

Solar supplementation is expensive and takes years to pay back  

I do have rental coverage for all of my rentals+ umbrella. 

Teresa, if your LLC provides services outside of your insured rentals, than you should get coverage for your LLC for the service you are providing.