I just learned about umbrella insurance policy today and read over a few posts on it.Can an umbrella insurance policy covers properties in different states?Thanks
Hello Everyone,Member on this forum since last few years and this my second post.I am looking for recommendations for umbrella insurance provider who can add more than 5 properties in the policy.My current provider is...
Hi,I am shopping my rental property insurance and agent gave me a quote has this endorsement really confuses me: "Amendatory Endorsement water Damage" for $1000 The property is in DFW area and is covered @200k for ...
Hi! We have about a dozen properties in upstate NY. We wanted to get an umbrella insurance policy to cover the portfolio but we’re unsure what to cover. Do you get coverage for what the portfolio is worth or for how m...
Should I get an umbrella insurance coverage for my 2 fam home? I have a tenant in the upper unit who is a older lady and god forbid she falls down the stairs I don't think my insurance will cover any if not all expens...
I'm looking for some knowledge around insurance. I own a rental property and it is a LLC. The property has 2 different units on it. The main house and an accessory dwelling unit. Each unit is rented out to different t...
Hi Everyone! I have a question looking to tap into your knowledge. I am just starting out and I read it's better to keep the active (flipping, wholesaling, etc) in one entity and the passive (rentals) in another....
Earlier this year I tried to purchase umbrella insurance. I was told by State Farm and Progressive that since I had 2 previous claims (both in 2021) I would have to wait until 2023 to get approved. So now that 2023 is...
I bought my first rental 2 years ago and will close on my 3rd in a few weeks. I plan on growing the owner managed landlord business and need to get serious about liability and asset management. Right now I am regula...
Hello Bigger Pocket Members, I request your advice from experienced folks. I live in Florida but I have 12 rentals up in Michigan. They are all currently in my personal name.I was considering putting even a $2M umbre...