Question on Type of Insurance

[Kevin Y.]

Hi,

I own a property that is under my name and two other individuals. We plan to do long-term rentals on the property out for most of the time. We are concerned with personal liability on the property, say if someone is injured or (god-forbid) drowns in the pool. We would like to protect ourselves personally and our assets against litigation that may potentially occur. We also do not want to use an LLC to own the property because of potential opportunities for Short term rentals in the future (which requires owner-occupancy). What kind of insurance would you recommend we get to protect ourselves in this scenario?

Thanks!