LLC or Umbrella or keep all in my name?

[Carlos C.]

Hi to all, 

I been researching on these topics and found all kinds of options and advise... but still not sure what to do. Please more advise.

I have a few rental properties and for some time I been considering Quit claiming each rental to a separate LLC to keep assets separate. I understand what I need to do to keep the corporate veil and maintain each LLC.(a pain to setup... but not a big deal)

I manage, do repairs, collect rents on all rentals... so is the LLC really going to help me if I get sued?

Also, if I transfer each property to a separate LLC, my insurance agent said I will need an umbrella policy per LLC, if I want to have more than $500K in liability, the landlord policy has a $500K limit.

1- Do I keep all rentals in my name and have a 3 million umbrella policy, will be a lot cheaper, plus have landlord policies per rental?

2- Create LLCs per rental, then have landlord policy and umbrella per LLC... expensive. Is its worth it? Plus will the LLCs really help me if I get sued?

Thank you in advance.