can no longer purchase umbrella insurance after 10 properties?

[Joanne Tsai]

Hello BP fellow,

Recently my husband and I were told by our insurance agent that since we just reached our 10 properties, we will no longer be eligible for purchasing a conventional umbrella insurance shall we decide to buy another rental property. This sounds a little weird to me, but after calling a few other insurance companies, it seems the threshold of 10 is fairly common. 

We currently own the rentals under our own names (instead of LLC), and we've heard from enough podcasters to skip LLCs and get a big umbrella insurance. I just want to check with the group, are you finding the same challenge with getting an umbrella insurance with increase amount of properties. What do you do to get around it? which insurance company? is there a solution to this?

Thanks!

Joanne