What are your liability limits on your SFR insurance policies?
Hey everyone,
I'm just curious as to what amount of liability insurance coverage most people have on their SFR's?
My insurance agent wrote up a policy for $500,000 of liability coverage plus $1,000 medical bill liability and I'm just curious if this is close to what other people carry.
I got a quote from another company who quoted $1 mill in liability coverage however their monthly premium was quite a bit higher.
Note: This property will not be held in an LLC because after weighing the pros and cons and taking into consideration my current situation, I felt it wasn't needed and would only complicate things.
Thanks!