Buying a property under general partnership with 2 other friends. Any recommendations for Umbrella insurance providers for each partner to cover any liability?
Hello BiggerPocket Community,
I know this question has probably been asked before, but after searching the forums, I couldn’t find a clear answer. My wife and I are starting our journey with our first STR and I wan...
Hi all - I have a property in WA state. Looking for some suggestions for insurance companies to insure my property in LLC's name
I am trying to figure out if i need further umbrella insurance. my insurance with nreig already has 1mm liability per property on coverage. I have 10 rental homes now. I got quotes from nreig for additional umbrella i...
I've got my primary home and cars insured with one company (carrier #1) but their quotes for my rental were twice as much as anyone else. I received a reasonable quote from a second carrier (#2) just for the rental a...
Hi BP,Is 500k enough liability on a 2 bedroom single family rental property?Thanks for all and any answers.
Say I have two properties, both under separate LLCs and insurance policies.If I get an umbrella policy under one of those insurance policies, can it cover the other property as well? Or do I need to get two umbrella p...
I have 5 rental properties in my name. A FB friend mentioned that she has an umbrella policy on properties. Her explanation was vague, so I'm here to ask...What is an umbrella policy, does it replace the current insur...
Hi y'all.I'm closing on a duplex in Ohio and I'm looking for some home insurance advice.
- I will not be living on this property- Duplex's s price is $90k in a C neighborhoodI already have Umbrella coverage of $5 mi...
I currently don’t plan on using an LLC for my rental properties, because I’m doing owner occupied properties and househacking my first couple with VA and FHA. Something I’ve been thinking about lately is having reserv...