Homeowners insurance for an STR

[Marc Shin]

Hello. i'm under contract to purchase a duplex which I will convert to an STR. I'm purchasing the duplex in an LLC. Any suggestions for what coverages need to go into the property insurance policy? also is $1.0M sufficient for Landlord liability? or do I need more like $3.0M for landlord liability?

[John Underwood]

I agree with telling your insurance agency you are going to have a STR and get the correct insurance.

I personally think 1 million liability is plenty.