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Tax, SDIRAs & Cost Segregation
HomeForumsTax, SDIRAs & Cost SegregationLLC vs. Umbrella Policy
Account Closed's profile image
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Account Closed
  • from Palatine, Illinois
  • Member since Aug 29, 2014
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • from Palatine, Illinois
  • Member since Aug 29, 2014
Connect
Account Closed
  • Palatine, IL
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Tax, SDIRAs & Cost Segregation

LLC vs. Umbrella Policy

Account Closed
  • Palatine, IL
Posted Jun 1 2016, 05:42
Hello, I currently have 5 rental properties that are each mortgaged and in my own name that I'm considering an LLC or umbrella insurance policy for asset protection. My lender is trying to determine if that would violate the terms of my loan. Does anyone have experience with this? Is every lender different regarding their policies? Or does anyone have insight if an umbrella policy is sufficient? Thanks
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