How much liability insurance do you require your tenants to have?

Question

Currently, I required them to have $100,000 in liability insurance. Would love to know what limits other LL are requiring.                    Property is located in Broward County, FL.

Caryn Seifert · Answer

@John T.

Wow! I've heard/seen plenty of crazy things but weeding with a propane torch! Sorry, you had to deal with that. I appreciate your input. I will be increasing the amount they are required to carry accordingly for each location. FL $300,000 / OH $100,000.

FL is more litigious and house prices are higher (along with just about everything else LOL).

Nathan Gesner · Answer

$100,000 is what I require. I think it's pretty standard around the country.

Bud Gaffney · Answer

I think that's a perfect amount :)

Edward Tamayo · Answer

@Caryn Seifert

Do you have your own umbrella policy as backup?

Caryn Seifert · Answer

Thanks for your replies! I was wondering if I should increase it.

How much liability insurance do you require your tenants to have?

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