Liability Insurance

[Asia Callier]

Hi Everyone,

Do I need liability insurance for my owner occupied 4 unit? Any insigh will be appreciated as I'm scheduled to close Thursday?! The property is not currently held under LLC, but I do plan to set one up in near future.

[Will H.]

Originally posted by @Asia Callier:

Hi Everyone,

Do I need liability insurance for my owner occupied 4 unit? Any insigh will be appreciated as I'm scheduled to close Thursday?! The property is not currently held under LLC, but I do plan to set one up in near future.

I would especially want liability insurance if the property isn't held under an LLC. You're about to be running a rental business, and you don't have any of the corporate protections, so insurance against injury, property damage, etc. is a must have.