Umbrella Policy for 18 units

[Michael Hooper]

I've got a total 18 units in my personal name and plan on acquiring more. I'm a little behind the ball on this, but I decided I need an umbrella policy for protection. Each property has $500K in liability, but I have a sizeable net worth now and feel I need to be protect above $500k. However, I engaged a broker to find me a policy and they came back with a couple issues. First, I need to have either my home or auto with the insurer to get an umbrella with them (not a deal breaker, but not preferred), but I have too many units. Most underwriters had a limit of around 4 units, we found one that would take 16, but wouldn't insure me at all if I had more, not even 16 of the 18, I had to own less than 16. Does anyone know of an insurer that can do 18+. Preferably without switching home/auto, but I can if I need to. Or am I going about this the wrong way. I don't really want to form an LLC, as there is an extra tax in my state and that doesn't really solve the insurance problem.