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Mar 17, 2023
11:46
:42
am
sandtrapcougar
All-American
Probably depends on how many properties you have in the LLC.
But the incremental cost of $1M vs 500K for my rental was so small I went with $1M without even thinking about it.
Generally if you are asking the question you need the higher amount in my opinion.
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sandtrapcougar
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sandtrapcougar
Joined
Apr 18, 2006
Last login
Dec 20, 2024
Total posts
7,399 (269 FO)
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Messages
Author
Time
Those with rentals in an LLC-how much liability coverage do you carry?
JamieTartt
3/17/23 10:53am
Probably depends on how many properties you have in the LLC.
sandtrapcougar
3/17/23 11:46am
Do you have business liability on top of property insurance for each property?
volleyjiver
3/17/23 11:55am
I don't have it in an LLC as it doesn't really provide any benefit for just one
sandtrapcougar
3/17/23 12:10pm
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