Umbrella policy after 4th rental property.

[Patrick Dundon]

Hello, everyone.

I just added my 4th multifamily property and was informed by Geico that they would only allow me to carry four homes on my umbrella policy. Was wondering if anyone had this problem and had to resort to a commercial umbrella policy and if you have suggestions on the best way to go about that. I also know the LLC route could be an option. However, not sure if the bank would call the loans due, especially if rates climb in the near future.

I need to figure this out as we are looking at our 5th property at the moment and I'd prefer to have that extra layer of protection on each one. 

Appreciate any advice,

Pat