LLC versus Umbrella Policy

[Steve K.]

Hi everyone!

New investor here, trying to learn as much as I can from all of you veterans out there. Thank you in advance for your advice and help!

In general, does having a good umbrella policy offer adequate protection compared to forming an LLC for my future rental properties. I've been receiving conflicting information if the hassle of forming and maintaining an LLC is worth it. Could having a good umbrella policy adequately protect us against a tenant trying to sue us for our assets?