All liability on an Umbrella, or per property

[Sam Johnson]

Hi all,

I'm about to close on a number of properties to take me from one owned to...more than one! This raises a question about insurance though: Given that I will have to pay ~$80 on each property to add $500k or liability protection, vs bumping up my existing single umbrella policy it seems to make sense to go for ZERO liability on each property and do the latter.

Is this sensible? The only potential flaw I can see is if I get sued on multiple properties at once - but I'm perhaps missing something.

Thanks!

Sam