An umbrella policy provides additional liability protection beyond the coverage limits of underlying policies, such as landlord insurance.
If a court awards damages to an injured tenant that exceed the primary liability insurance coverage, an umbrella policy can cover the extra amount up to its policy limit.
A rental property LLC offers personal/business asset protection for real estate investors, but a significant claim can still put the LLC or personal assets at risk.
Umbrella insurance for rental property can protect your personal and investment property by covering additional liability claims.
Umbrella insurance covers landlord liabilities for property maintenance injuries, tenant-caused damage, common area injuries, and attorney fees. It doesn't cover intentional damage, personal injuries, or LLC property.
To learn more about finding proper liability protection for landlords, contact us at Remland Insurance today. Our independent agents can help you customize insurance protection for your unique needs. Click on the link below to contact us!