[Jademonkey]

Hi,

I am in the process of purchasing my first rental property and was wondering if it is standard for the owners to obtain liability insurance and if so, where would you suggest I look for this?

Thanks

 

[leslie]

Yes.
Your local storefront insurance broker.

 

[iherald]

Yes, I'd suggest 2 million, it's not much more than 1 million, and I can tell you no claims these days are for less than a million (most end up settling for a less than a million)

 

[Jademonkey]

Yes, I'd suggest 2 million, it's not much more than 1 million, and I can tell you no claims these days are for less than a million (most end up settling for a less than a million)

Do you have any idea how much I can expect to pay for this coverage?

 

[iherald]

I think it was $40 more per year than my million dollar coverage, but I have all my insurance in one, which determines the total price.