My personal umbrella insurance company can't cover my 4-plex as they consider this commercial insurance.

@Sherin SunnyAs long as they are smaller Multi-Fam you should be fine with a umbrella policy from your insurance provider.

As a new multifamily property owner, what experience do people have on obtaining an umbrella policy vs an LLC.

Also consider a $1m umbrella policy no matter which way you deed the property. 

I guess the caveat to this would be if you went the commercial loan route to get one umbrella loan for both properties.

If your primary motivation for creating an LLC is asset protection, then maybe an umbrella insurance policy is all you need (especially if, at least for the time being, you only own one or two rental properties).  

I’ve read putting it in your name and getting a umbrella policy was a another option. 2.

I use landlord insurance (typically covers about $300K-$500K in liability) along with an umbrella policy which provides an additional $2M-$5M in coverage (depending on your asset base/what you need). 

Just keep all in your name, have a $1,000,000 liability on each one in your regular insurance policy, then add a couple million in umbrella coverage over them all.

And will you have both property and liability / umbrella insurance?