Property Insurance Questions & Discussions

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Matt Swope
  • Flipper/Rehabber
  • Raleigh, NC
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Commercial General Liability Insurance for Buy & Holds

Matt Swope
  • Flipper/Rehabber
  • Raleigh, NC
Posted Jun 28 2022, 12:10

Hi all!

When I purchased my 4th Buy & Hold property with my LLC my insurance broker suggested I consider getting a Commercial General Liability Insurance policy to further protect the properties and LLC. In total my properties are valued at around $1M and I am curious what sort of coverages everyone out there is getting for General Liability Insurance. Here is a rough breakdown of my quote of coverages:

General Aggregate
(Other than Products-Completed Operations): $4,000,000
Products-Completed Operations Aggregate: $4,000,000
Each Occurrence: $2,000,000
Personal and Advertising Injury: $2,000,000
Damage to Premises Rented to You: $300,000 Any One Premises
Medical Payments: $10,000 Any One Person
Hired Auto and Non-Owned Auto: $2,000,000 Each Occurrence

I am not concerned about the annual premium (under $350) I am just wondering what other investors out there are getting as far as coverage. 


Thank you BP community!

Raleigh, North Carolina

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