Umbrella Policy or LLC for out-of-state California investor?

[Patricia Becker]

So, an answer I received in an earlier post inspired me to focus on Asset protection, but I am stuck on what to do... if you were me what would you select out of the 2 options below? I am leaning more towards the first option for now since I am still small and may be changing to option 2 when I get 10 properties. 

1- Simple and probably more cost-effective, I could purchase an umbrella policy

2- create an Asset protection structure (each property in a land trust, trust Beneficiary is LLC, remember I live in California so that gets expensive no matter where I file the LLC)