need to have a liability insurance as a landlord?

Question

Do we need to have liability insurance as a landlord in case of tenants sue you for any incident/accidents/injury?

Nathan Gesner · Answer

Your insurance company needs to know you are using this home as a rental property. They will automatically set you up with liability coverage. Talk to them.

Bjorn Ahlblad · Answer

@Chirag Dave yes, any of those reasons and many more. Get insurance to cover your assets. So if you have 5 mil in assets get 5 mil as an umbrella insurance policy.

Chirag Dave · Answer

Thank you @Bjorn Ahlblad and @Nathan G.

need to have a liability insurance as a landlord?

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