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Updated over 10 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor in Louisville KY!
  • from Denver CO
  • Member since Dec 30, 2013
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Investor in Louisville KY!
  • from Denver CO
  • Member since Dec 30, 2013
Connect
Account Closed
  • Investor in Louisville KY!
  • Denver CO
8
Votes |
27
Posts
Insurance

Personal umbrella policy needed when homes are owned by LLC?

Account Closed
  • Investor in Louisville KY!
  • Denver CO
Posted

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?

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