Multi-Family Umbrella Insurance Issues

[Sergio Smiriglio]

I just purchased my fifth multifamily asset all between 3-4 units. My current insurance provider that i use for the first 4 buildings as well as my current home and my umbrella insurance is unable to cover more than 4 investment properties per individual. I found this out in the process of purchasing the last property so i went with a third party insurance company for a reasonable rate however now im having issues not being able to add this property to my umbrella policy and the quotes im getting for umbrella policies from other providers are significantly more expensive. So my question is what have you found to be the best way of insuring a portfolio of properties like this? Are there other insurance products im not aware of that are more cost effective? Im happy with my current landlord policy + umbrella its just that i cant add the 5th building to this structure so im not sure what to do from here. Any advice on carriers would also be much appreciated. All properties are located in Northern New Jersey.