Jean B.
General liability & umbrella
Hi,I am trying to figure out what coverage i need for my assets. I own several rental properties under an LLC. I have a $2M General Liability policy to cover the properties/business. Should i also have a personal umbr...
Account Closed
Insurance deductible and umbrella?
So I'm looking into ins for a 4 unit all 1 bedroom 1 bath. What deductible should I be looking at $500, $1000 or more and should I worry about contents as well. Also is an umbrella policy good as the multi family will...
Ramon Vazquez
LLC vs Umbrella Policy
I have seen several old post on the pros/cons of having an LLC and umbrella policy. I was hoping get some recommendations on whether or not I should seriously consider starting an LLC (California resident) and/or umbr...
Curtis M.
Umbrella policies and LLC
Hello everyone,I'd like to get your thoughts regarding an umbrella policy or llc. I have a personal residence in Denver that I rent out while I am away for work. We have a standard landlord policy on the property now ...
Jennifer Darby
Insurance and umbrella policy
Hi, We have several properties in Oregon but my state of residency is Alaska. I’m having difficulty trying to get an agent or insurance company to write all my policies and umbrella policy because i live in a differ...
Jim Schock
LLC vs. Umbrella Policy
I've seen many conversation about LLC's to protect yourself, and your business. It seems to me that the main advantage of the LLC is asset protection. My question is this. For someone who is just starting wouldn't ...
Account Closed
Problem Obtaining Umbrella Insurance
I am a out-of-state investor living in New York, but invest in Little Rock, AR. I spoke with a rep from my rental property homeowner insurance in AR (Safeco) to get a quote for a personal umbrella policy. I was tol...
Jenn Kinchen
feeling stuck: umbrella insurance
Hi Bigger Pockets investors-. I've been looking into getting umbrella insurance for some time now for extra protection as I have multiple renters living both in my primary home and rental property. I'm running into a...
Tarik N.
Baltimore: Umbrella or LLC?
I have a four duplexes in Baltimore, and I am not sure which strategy is best for liability protection: 1) create an LLC, but transfer taxes are pretty prohibities, 2) have an umbrella policy ($1M? $2M?), or 3) a comb...
Brian Spink
llc vs umbrella insurance
Podcast 109 co-hosted by a real estate attorney stated an umbrella policy is not enough personal asset protection and that an LLC is needed. However, I have read that on BP a popular theory is that one should form an...