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Real Estate
Reply to "Forming an LLC to use to "house" rental property"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Why do they need an umbrella policy? [/quote] You don’t want wages being garnished over being sued by someone who rented from you and somehow got hurt etc [/quote] My family member was killed by a distracted driver and they tried to sue. The driver and another responsible party found guilty declared bankruptcy and there was nothing to collect even though one of them owned a home and another one owned a business. [/quote]
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