Is 1 Million Liability enough?

[Shawn S.]

So my standard property insurance has 300k liability. For 55 more per year I can get up to 1m. Is this the way to go? At this point we have not done an LLC, and we are unable to get any sort of umbrella insurance I've been told because we don't have our auto coverage with this company. We are buying out of state so of course have no vehicles there.

Thanks

[Shawn S.]

I like fire dancing.

But no, I'd say the risk is lower than most due to the kind of tenants we target.