When you have rental real estate, a higher-valued home and some assets to protect, a personal umbrella policy is the solution for you. This personal umbrella policy goes over your home, your cars and rental property you may own. It also goes over a boat, a sea-doo, a 4-wheeler, an RV and other “toys” you may own. Many real estate investors turn to umbrella insurance policy to help against lawsuits brought on by tenants.
If you hold real estate in an LLC or corporation, then a commercial umbrella policy would be the solution for you. A personal umbrella policy can also be carried to cover your home and auto (plus toys), so you could still accomplish the ultimate protection for you. We have done this several times to protect our landlord clients.