LLC or just Good insurance

[Peter Seely]

Hi All,

I am a new investor who will purchase his first US property as a rental and I am wondering if I should open an LLC or would purchasing adequate insurance and an Umbrella policy do the trick to protect me.

If I choose the insurance route and later purhase another rental or two and THAN want to open an LLC, is it possible to put the properties purchased individually into the LLC after the fact?

Thanks

Peter