No LLC + Insurance (liability + umbrella)

[Alex Silang]

I decided against an LLC for now, due to several posts on this forum and this article. Mainly because from my understanding you have to be a bit sketchy about it (banks hate it):

http://www.biggerpockets.com/renewsblog/2013/08/17...

Right now I will have $1mil liability insurance on my property. Is it worth it to get umbrella as well? This might be a bit  tricky for me because I live with my parents and most providers require the primary residence to be insured through them.