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Hello all. Is it possible to have multiple LLCs under one umbrella? I was told that I'd have to get a separate umbrella for each LLC...and just wondering if that was the case. And could you recommend a good umbr...
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I own multiple investment properties in my name and I live in CA (properties are out of state). Because of the moratorium of writing new business in CA I cannot leverage my "normal" insurance carrier for an umbrella p...
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Trying to weigh the costs and benefits of LLC vs an umbrella policy for a long term rental? I have read an LLC can hurt your loan terms is the same true for umbrella policy. Wondering which one is safest and most cost...
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Do you have to have different umbrella insurance policies for different categories? Or is there an insurance company that will do one umbrella and cover it all?
For example:
I have one umbrella for my h...
Hello, I currently have 5 rental properties that are each mortgaged and in my own name that I'm considering an LLC or umbrella insurance policy for asset protection.
My lender is trying to determine if that would vio...
I learned today that I cannot have a secondary market bank loan in an LLC name, so if I want to save on an interest rate as I can with a secondary market loan, I can't inside an LLC (I have to carry it with a bank int...
We just bought a rental property worth ~300K with me, my SO and my in-laws. The title has all 3 of us.
Me and my SO have an umbrella policy worth 1M (which as an aside we are thinking of increasing). How will umbrell...
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Hi everyone!New investor here, trying to learn as much as I can from all of you veterans out there. Thank you in advance for your advice and help!In general, does having a good umbrella policy offer adequate protectio...
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BPs community,I recently went under contract for our 3rd rental property. I know as we get more and more properties we are under more and more risk. My question is, is the best way for us to avoid risk to set up LLC...
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Which is better to have an llc or an umbrella policy? What are the advantages and disadvantages etc?