System Administrator / Investor · Eugene, OR · Member since 2015 · 144 posts · 29 votes
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.
Capistrano Beach, CA · Member since 2013 · 283 posts · 169 votes
11y
Personally, what is your net worth outside your rental? If it is significantly above the value of the rental, yes, i would get a insurance to cover that as well.