For Newbies: Umbrella insurance or LLC; which makes more sense?

[Mike Hoherchak]

For a military veteran who's a new investor looking to purchase their first multifamily property to house-hack, does it make more sense to just get an umbrella insurance policy with VA financing (since you have to purchase in your name) or create an LLC using any other type of financing?

The question is intended to focus more on risk mitigation rather than financing as a newbie. However, is there a "sweet spot" that makes more financial sense when determining risk mitigation? (specifically, when just starting out?)