retired2015b2d
Dryer sheet wannabe
- Joined
- Dec 13, 2015
- Messages
- 18
Dh and siblings inherited property from Fil that had an old house and land that was rented to a hunting club. There is no written lease/agreement. They pay very minimal rent. The club maintains the home (all work electrical plumbing & anything else needed). The members keep about a dozen RVs on the property year round.
There has never been an incident that we know of, but I am concern wether we could be held liable if there was ever is an incident. House only has fire protection and is not worth much. I tried to add umbrella insurance to that home but they wanted me to put it under our current homes policy. I am concern about our assets being at risk. Hunting is not done at the house as it is on less than 2 acres. But a bunch of folks stay there during hunting season.
I guess I am asking if land owners can be held liable even though it is rented out? No lease in place? Is it worth seeing a lawyer to have something drawn up? I have an umbrella policy for our home and auto but this land is not on it. Not sure if I am over reacting but it worries me. Thank you in advance.
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There has never been an incident that we know of, but I am concern wether we could be held liable if there was ever is an incident. House only has fire protection and is not worth much. I tried to add umbrella insurance to that home but they wanted me to put it under our current homes policy. I am concern about our assets being at risk. Hunting is not done at the house as it is on less than 2 acres. But a bunch of folks stay there during hunting season.
I guess I am asking if land owners can be held liable even though it is rented out? No lease in place? Is it worth seeing a lawyer to have something drawn up? I have an umbrella policy for our home and auto but this land is not on it. Not sure if I am over reacting but it worries me. Thank you in advance.
Sent from my iPad using Early Retirement Forum