A question I get all the time: Should I start with an umbrella policy or an LLC? I wanted to ask Jeremy Goodrich, one of the principals of Shine Insurance his expert advice.
Two different ways to do the same exact thing:
- LLC is a key piece when you are investing in more than 5 units
- Umbrella insurance is additional liability insurance
- If you have a large portfolio, umbrella insurance would add millions of coverage
- How to balance the LLC structure and umbrella coverage
- The biggest mistake real estate investors make when it comes to insurance
- Why you need an umbrella policy over your LLC