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Contributor
Looking for more information on how umbrella insurance works when you have multiple properties that you rent out.
Do you apply them to yourself or to a house? Or so you build a LLC first and apply it to that?

3 REPLIES

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Thanks for your question. I will post a response shortly, I need to consult with an insurance specialist here at USAA! Thank you!

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Was there a reply to this email on getting more info out to us for Umbrella Insurance and rental property?

 

Thanks,

Mara

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Hi Mara!

 

Here is the answer from an expert here at USAA:

 

Umbrella coverage extends to all homes owned by a member as well as all members who reside in the immediate household.  So if a member has non-commercial rental properties, then he/she would need to contact us so we can add them to the umbrella policy and the policy accordingly.  If these rental properties are insured locally (not w/USAA), we still have to list them and ask additional Underwriting questions to ensure the homes meet our guidelines to be covered under the Umbrella (such as – if insured locally, do they have the required minimal underlying limits? Is the home rented long term or short term?) 

 

I hope that helps ansnwer your question here is a link to additional FAQs about the policy!:

https://www.usaa.com/inet/wc/faq_PC_About_Umbrella_Insurance_PCFAQ

 

 

Thanks for posting!