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Account Closed
  • Real Estate Investor
  • Novi, MI
132
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What are your liability limits on your SFR insurance policies?

Account Closed
  • Real Estate Investor
  • Novi, MI
Posted Mar 21 2014, 12:49

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!

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