[quote=Hatfield]Which isn’t all that expensive. But if you have significant other assets you should consider also buying an umbrella policy, in case something bad happens in your rental unit and you’re sued above your policy limits. In the grand scheme of things, that also isn’t very expensive – it’s a lot cheaper than the limited liability tax (CA incorporation fees.) But make sure you have these expenses on your spreadsheet when analyzing your numbers for this thing.[/quote]

I have a $1M umbrella policy and $300K for my auto and home. I bought landlord policy on the rental. Is this good enough?