Liability and insurance on first rental

[Karac Davis]

Townhouse in my name. Mortgage with the bank is 2.75 percent in my personal name. 28 years left. Deed is in my name. 

Bank won’t let me change the mortgage to an llc, said I have to pay it off and refinance with a commercial loan. 

County won’t let me change the deed to llc unless is pay $5300 in transfer tax. 

Do I just leave this first property in my name and get some sort of quality homeowners insurance with an umbrella policy on it for myself and my wife?