Julie L.
Adequate protection as landlord
Good Afternoon All!I am purchasing a property that was built in 2022 and it is a SFR. I am out of state so I have a reputable PM handling the tenant but I want to make sure I am adequately protected in terms of liabil...
Kevin S.
LLC or Trust to hold investment property?
Hi members,What is the preferred way to hold investment properties? My attorney(estate planning attorney) suggested two options.1. LLC or...2. My JRT (joint revocable trust) that I already have and buy umbrella polic...
Jeff Betschart
LLC location where properties are located?
LLC in Colorado where I live or MO where the properties are located.
Arjav Parikh
Looking for insurance agent recommendation - umbrella policy
We have multiple mobile home parks and other commercial properties (warehouse/flex office, mixed use, specialty - daycare etc) across IL, IN, GA, MI, NJ, DE, PA. Looking for an agent who can help placing an umbrella ...
John Castillo
Commercial liability insurance (CGL) in Virginia?
I currently have umbrella insurance with Geico. However I just bought my sixth property, comprised of five rental properties and the home I currently reside in, and Geico is canceling my umbrella insurance. Their reas...
Pete Broom
What sort of insurance should I get for my first rental condo?
I just got my first rental condo for $310K. For this, I am being quoted $250/year for umbrella insurance which covers $1M/$2M per occurrence/aggregate. From what I gather from this forum, getting an umbrella insurance...
Scott Peace
Umbrella policy vs Landlord Policy
Hello all, we are new to the REI. We have 6 units and are looking at getting some more insurance protection. We looked into an umbrella policy, but they insurance company said that we had to also insure our autos f...
Yashar Fred
Umbrella policy , does that worth it
I already have a home owner (duplex) insurance policy which I pay 118$ monthly . I was wondering should I add an umbrella policy to that which costs 176$ for a year. What are benefits of adding an umbrella policy?
Chris T.
Umbrella Liability Policy. Is it worth it?
I'm reading Dave Van Horn's articleMaybe You Shouldn’t Start an Entity. Consider 4 Alternative Asset Protection Strategies Instead.And it got me curious. Almost everyone suggest getting an umbrella policy since it's r...
Becky Lu
Is LLC really necessary when you just start out?
Hi BP members,My husband and I started our RE investing and bought a 29-unit apartment in Texas and a 16-unit in North Carolina this year. (We bought our residence with a VA loan back in 2011 in California.) After rea...