You can also purchase an umbrella policy on top to cover more liability if you are worried about that. 

I also have a 5 million dollar umbrella policy over all my rentals, but I am a freak about liability protection.

I was told for liability protection to obtain $300k in liability on an umbrella policy for all of one's rentals.

Steven Hamilton IIWould she have to get a commercial umbrella policy for 12 properties?

The properties you have in the LLC sound like they are within commercial umbrella mortgages which are held on the books by the originating lender.

I have a commercial policy on mine and with a lot of properties it's about half what I paid for individual policies, plus I get $1M/$2M liability by default so it keeps my liability umbrella cheaper.

Since investors dealing in options have seemed to be under this umbrella of protection I know they have missed this alternative to apply in certain circumstances.

Liability: I firmly believe that every landlord should have an umbrella policy.

Than I found out it was an awful idea becauseviolated the mortgage (not a big idea now but gave mortgages a reason to come after you in a couple of years when rates were higher)no seperation- we self managed so we were unable to hide behind the llc, had we not been managing it, it would have been differentHard to get a Umbrella Policy- If it is under an llc you needed to have a cooperate policy much harder.Honestly we just have all of our houses under our personal name.

I personally don't think you need an LLC if you have the umbrella policy, and it's certainly not worth losing your loan.http://www.biggerpockets.com/renewsblog/2013/08/17...