Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

35
Posts
3
Votes
Damian Howard
  • Wilmington , Delaware
3
Votes |
35
Posts

A 1 Stop POLICY

Damian Howard
  • Wilmington , Delaware
Posted

Someone mentioned that you should possibly look at getting an umbrella insurance policy on yourself once you get into owning multiple properties. A friend gave me an example! He had a friend who was at the airport and the friend left his bag a little to close the walking area and someone sued him personally after falling and tripping over the bag.I say where do you stop with all these policies regarding liability?The order of operation and the following policies,(1) LLC (2) Umbrella insurance policy on the house (3) Umbrella insurance policy on yourself (4). Renter having insurance.Where does the madness stop? What is your recommendation?

Loading replies...