Umbrella Insurance Policies: What Landlords Should Know?

You have a lot of assets to safeguard as a landlord. Your rental property is most likely your largest investment, and you must ensure that it is adequately protected in the event of an accident or damage. Umbrella insurance for rental property is one way to accomplish this. Umbrella insurance is an additional layer of protection that can cover damages that are not covered by your regular insurance policy. This can be critical in protecting your assets if an accident occurs on your property or one of your tenants causes damage. If you are ever sued by a tenant, umbrella insurance can help cover your legal fees. So, if you are a landlord, make sure you have adequate umbrella insurance.







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