cardude
Full time employment: Posting here.
- Joined
- Feb 21, 2006
- Messages
- 599
I'm considering my liability exposure on my rental properties and thinking of purchasing a personal umbrella to sit over my homeowners policy, or possibly putting the deeds to my rentals into an LLC.
Does anyone here to the LLC thing? Can it take the place of umbrella coverage? Do I need to do the LLC if I purchase enough umbrella coverage?
My first quote for umbrella coverage was $800 for 4M through Geico (where I have my auto policies). What does an LLC cost to set up and keep current?
Thanks in advance for all the replies I'm sure I will get on this very interesting and fascinating subject!
Does anyone here to the LLC thing? Can it take the place of umbrella coverage? Do I need to do the LLC if I purchase enough umbrella coverage?
My first quote for umbrella coverage was $800 for 4M through Geico (where I have my auto policies). What does an LLC cost to set up and keep current?
Thanks in advance for all the replies I'm sure I will get on this very interesting and fascinating subject!