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 ...
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...
Hello BPer's:Anyone else out there tired of the annual insurance premiums increasing year after year, even with no claims ever? My rates jumped 25% on all my properties in just 1 year all with no claims! I have Erie I...
I'm into my 3rd rental properties (with very decent renters) under personal ownership. We increased our umbrella policy to 2 million. Insurance agent advised that this should be ok. Any thoughts?
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...
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?
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...
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...
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...
I am looking to get an umbrella Liability insurance policy for our business and all of our real state related matters. Can someone recommend an agent that sells these?