How much personal liability should I carry?

Question

What amount in personal liability insurance should I carry on each of my properties?

Mike Dymski · Answer

Enough to cover your net worth, which can also be covered through an umbrella policy.

Jason Bott · Answer

@JonPaul Kessinger minimum $1M on singles and duplexes.

Bo Bond · Answer

@JonPaul Kessinger - Many carriers offer a general liability limit of $200,000 to $500,000 per dwelling, but in my opinion it's not worth the minimal savings and don't personally quote those limits for any of my clients.  You should be able to easily find a competitive carrier that will write you $1M/$2M limits per dwelling.  If you feel you need more than that, then do what Joe suggests above and get yourself an umbrella policy that provides extra limits of protection over your standard general liability policy.

Joe Homs · Answer

@JonPaul Kessinger how much are you worth? (Don't answer here please) I usually carry a 1 million dollar umbrella policy that covers me on ALL my homes.  Not that expensive.

Good Investing...