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Updated over 9 years ago on . Most recent reply

Asia Callier's profile image
Asia Callier's profile image
Asia Callier
  • from Smyrna, GA
  • Member since Apr 16, 2015
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Asia Callier's profile image
Asia Callier's profile image
Asia Callier
  • from Smyrna, GA
  • Member since Apr 16, 2015
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Asia Callier
  • Smyrna, GA
7
Votes |
13
Posts
Starting Out

Liability Insurance

Asia Callier
  • Smyrna, GA
Posted

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.

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Will H.'s profile image
Will H.'s profile image
Will H.
  • Real Estate Broker
  • from Boston, MA
  • Member since Feb 28, 2015
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Will H.'s profile image
Will H.'s profile image
Will H.
  • Real Estate Broker
  • from Boston, MA
  • Member since Feb 28, 2015
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Will H.
  • Real Estate Broker
  • Boston, MA
4
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8
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Will H.
  • Real Estate Broker
  • Boston, MA
Replied
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.

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