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General Landlording & Rental Properties

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Ellis Hammond
Pro Member
  • Investor
  • San Diego
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178
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Umbrella policy or not?

Ellis Hammond
Pro Member
  • Investor
  • San Diego
Posted Dec 11 2017, 17:52

I am about to close on my first duplex here in San Diego! Yay!

I have an insurance quote for around $60 per month that includes $1M in liability insurance (I am occupying the back so rate is lower bc its primary residence). Wondering if I should get an extra million dollars from an umbrella policy? 

Bigger pockets family what do you recommend? Is $1M enough or should I get $2M or more? 

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