Updated over 11 years ago on . Most recent reply
Personal umbrella policy needed when homes are owned by LLC?
Hello, I've searched the forums for this question but haven't seen it specifically asked. Right now I am a 25% partner in an LLC that currently owns eight rental SFRs. We have a $1M liability policy on each individual property. Would it be helpful for me to personally get personal umbrella insurance to protect me from any lawsuits, or is this not necessary due to the LLC structure and insurance currently in place?