Hi BP, I have over 20 properties, most in my personal name but a few in an LLC. I want to get an umbrella policy to cover all of these properties on top of the $1,000,000 liability I already have on each property. M...
I am in the process of insurance shopping for an umbrella policy. What carriers do you recommend? Why? As always, I am grateful for all perspectives.
Question for BP members regarding the right umbrella insurance for LLC owner rental properties. I have a primary residence in my name and a rental property under LLC’s name. I have a personal umbrella with my name as ...
I am a newbie buy-and-hold investor, and in the process of procuring my first rental property, a duplex. I want to make sure that I have the ownership structure set up well, to ensure the best asset protection.I have ...
When buying an out of state rental property (our first one), would you recommend connecting with a local insurance agent or adding the rental property to your current insurance? We have State Farm covering our primary...
Hi,As the title says, I am wondering whether I should form a LLC company to protect my investment or use Umbrella Insurance. Here is my situation: we have W-2 work as our main income source and 1 primary home and 5 in...
I'm looking into umbrella insurance policies, as I have a recently created LLC and one property to cover, with another on the way, and a pipeline of anticipated consistent growth over the next 12 months. I initially t...
I own 2 properties in Florida. One is a long term rental and the other is a vacation rental (short term rental) and I live in Maryland. Each property is currently held in my personal name and each is insured by its ow...
I just put a duplex under contract which I plan on living on one side and renting out the other. I also own an SFR in my name (that I'm renting out) and a house used as a fraternity in an LLC.
My question is this: s...
Just purchased my first investment property. I am currently shopping for insurance. At this stage, I don't think I need to set up an LLC, but I see a lot of people recommending getting an umbrella policy. I got a coup...