Updated over 12 years ago on . Most recent reply
How much liability coverage do you recommend having for a rental property?
Is half a million enough liability coverage for a rental property, or should I carry $1M or even more? Or does it depend on the bedroom count and how many tenants may be living there?
Does this remain constant for properties I purchase to rehab and will own for a shorter period of time?
Most Popular Reply
The pricing difference between $500k and $1m is usually so small it doesn't make sense to go with lower limits. With my lead carrier here in CA, it is $8 a year.