@Guillaume DerouetWhy not use 1 LLC and a umbrella policy.  

Ideally one should also be carrying an excess liability umbrella over all of their properties as well. 

and if somebody can explain me what is exactly umbrella Insurance? 

Then I met with the insurance guy.Insurance guy: "Umbrella insurance will NOT cover anything related to flipping properties, that's it's own business, so you would need a commercial liability policy, which in NY is stupidly expensive do to recent changes in laws and will run minimum $5k/yr, probably closer to $10k/yr, and that's if you're only doing a couple flips per year.  

I have 8 properties all paid for in cash, my current $1million UMBRELLA insurer (gecko) says I can only have 4 rentals max...Do I....A) Just get a second $1million Umbrella Insurance to cover the other 4 propertiesorB) Put the other 4 properties into INDIVIDUAL LLC's and up either up each limit to $1million, or keep at current limit, and just get a second $1mm Umbrella BUSINESS Insurance..or C) other option?

There are many previous discussions from the forums and blog articles written about umbrella policies, LLCs, asset protection, etc.  

She checked with her insurance and they won't give her umbrella coverage for the property unless she is the sole title holder.   

I do not have an umbrella policy which I should probably get.  

The market study covers a wider umbrella describing a market in general.I was thinking you had a building or land, and were looking for a restaurant to occupy it.

It seems like using an umbrella liability policy will be sufficient for me until I have accumulated several properties.