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Updated almost 10 years ago on . Most recent reply

Kevin Trumbull's profile image
Kevin Trumbull's profile image
Kevin Trumbull
  • System Administrator / Investor
  • from Eugene, Oregon
  • Member since Apr 6, 2015
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144
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Kevin Trumbull's profile image
Kevin Trumbull's profile image
Kevin Trumbull
  • System Administrator / Investor
  • from Eugene, Oregon
  • Member since Apr 6, 2015
Connect
Kevin Trumbull
  • System Administrator / Investor
  • Eugene, OR
28
Votes |
144
Posts
Insurance

Should I get Umbrella Policy with 1 rental that already has 1mil liability?

Kevin Trumbull
  • System Administrator / Investor
  • Eugene, OR
Posted

I'm looking at purchasing my first rental, and I've gotten an insurance quote that includes 1mil in liability for the property.  Should I also get an Umbrella Policy, or do you think I can hold off until I have at least 2 properties?

I know there are a lot of ins and outs to it, just looking to get a general idea from more experienced investors.

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