Insurance Structure With LLC

[George Glessner]

I've read through a bunch of forums on here trying to find an answer to my question but I am still confused. I am in the process of setting up an LLC to begin my rental property adventure. I am going to be starting out with one single family, maybe multi family, home paid for with cash (<80k). I know I need insurance for the property, but my main question is in regards to an umbrella policy. Many people mention having an umbrella policy is a good idea, but would I want the umbrella policy for my LLC that owns the property, or myself? I will have quite a bit of personal assets to protect, hence why I am setting up the LLC. I will run the LLC as a business, but I am acting as my own registered agent, which may make it easy for any potential suit to name me personally? Is setting up an umbrella policy worth it? And if so should it be for my LLC or myself, or both?

Note: I am having an attorney set up my LLC.