Is Part of Personal Umbrella Policy Tax Deductible (For Rentals)?

[Patricio Aguilar]

We just bought our first rental the other day and I'm trying to go through a few things regarding how to start tracking expenses, etc. Something that came up is that we bought an umbrella policy (specifically because of the rental), but I'm not sure how much of it is or isn't tax deductible (if anything).

Part of the umbrella policy covers the rental. My assumption is that that's the only part that is tax deductible. However, is there any way to find out how much is actually deductible? Is there a general formula for this?

Thank y'all in advance!