LLC or umbrella policy

[Tiffany Smith]

My husband and I have just bought our second rental property. We plan to purchase more in the near future, and we are trying to protect our personal assets if something were to go wrong and we were sued. I have read that banks do not like to loan to LLCs and if you transfer the property to an LLC the bank can call the note due early. Is this true and can an umbrella policy be just as good and cost effective as an LLC ?