@Anthony Henriquez If any of your trusted partners ask you to fund a deal listed at 10k here in baltimore, make sure you conduct comprehensive due diligence. 

Hello everyone,Wanted to pop in to ask what everyone recommends for coverage on rental properties under an LLC.

Yet, is the the risk that most people do not have coverage for.

Is he really at any risk given the Airbnb host coverage against damage and general liability?

There are a lot of risks with condos as investment properties.Insurance coverage for your individual units absolutely is NOT covered in the HOA fees.

@Remington Lyman a lot of it can be dumped back on the insurance agent IF they didn't ask the appropriate questions, but that can sometimes be hard to prove.I walk my clients through a comprehensive process where we review various details about the property(ies) so that not only the accurate information is collected, but the policy properly fits the investors risk tolerance for coverage.I'm a big advocate for finding an insurance broker who has a process similar to mine to help your clients/yourself to ensure there are no loose ends when something does eventually go wrong.Cheers,MM

Thanks Chris, your reply is incredibly comprehensive.

This will depend on setback requirements, lot coverage and parking.

You also want to cary liability coverage on each property as well. 

I enroll every property as they are leased, tenant is automatically covered, and I roll the cost of their coverage into a monthly charge to ensure reimbursement.