General liability & umbrella

[Jean B.]

Hi,

I am trying to figure out what coverage i need for my assets. I own several rental properties under an LLC. I have a $2M General Liability policy to cover the properties/business. Should i also have a personal umbrella policy?

If the answer is yes, then should all my rental properties be listed on there or only my personal residence or ALL (rental +personal) properties ?

also, if I have an umbrella policy that includes my personal home and the rental homes, wouldn't this be co-mingling of assets in terms of legal issue ?

Hope my questions are clear.

Thanks for any advise.

[Jason Bott]

@Jean B. Ideally you want a commercial Umbrella policy to go over the rentals in the LLC and a second Personal Umbrella to go over your Home & Auto.

Having a single Umbrella for everything can be done but it is dependent on the types of policy's insuring the rental.