Posted By: DaveTexas
Owning Land (insurance and/or LLC) - 06/06/19 02:19 PM
I own my property and after getting a quote for homeowner insurance with USAA, they will not give me an umbrella policy on my home/auto unless I also have "Land Liability Insurance" on my ranch.
They claim, if the land has any kind of structure, even a small shed, they will not give me a home umbrella unless the ranch is also insured.
Question:
1. How many of you land owners have land liability insurance (also who insures it and how much is it?)
2. Does anyone own the land in an LLC to keep you personally not liable for an accident on the land?
They claim, if the land has any kind of structure, even a small shed, they will not give me a home umbrella unless the ranch is also insured.
Question:
1. How many of you land owners have land liability insurance (also who insures it and how much is it?)
2. Does anyone own the land in an LLC to keep you personally not liable for an accident on the land?