As a sole operator, you have all the policies and procedures in your head and can apply them to many properties without referring to a binder.

The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

I have landlord policies for my rental properties in TX and AL states, but I am not able to get an umbrella policy form my current insurance company, because I do not have car insurance and primary residence in US, as I am not a resident in US.

(The claim situation)How did the umbrella policy protect you?

But why are people spending so much energy defending bad government policies?

If you are worth “something” then you need the umbrella policy.

Also, most Umbrella Policies only pay out if your underlying policy pays out, and the underlying policy will do everything they can to find an exclusion or that you were negligent (which you probably were) in the cause of action to get out of paying the claim.

Why Staying Informed is CrucialRegulations govern every aspect of rental property management, from tenant screening to eviction procedures.

Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.

I dont care if the tenant is paying themselves, the government, the tenants parents, etc.