An umbrella for a rainy day or an LLC for protection

[Justin D Schwartz]

As I continue to grow my personal portfolio I am now considering starting an LLC to put my properties under but there are many variables so I am asking for help.

Closing in an LLC makes your rates higher than closing in my personal name so this makes a deal less valuable.

Closing in my personal name does not have the protection that an LLC has, I can do a quit claim deed over to the LLC after closing but I have to pay the taxes all over again and I take a chance of the bank demanding immediate payoff for changing the deed.

Is an umbrella policy over my properties adequate protection for my assets?