Also, as a landlord you may want to consider getting umbrella insurance if you don’t have it.

Add an umbrella insurance policy for my 4 rental properties3.

Umbrella insurance policies cover everything just fine and without the drama.

If you are keeping the company in your personal name I would advise against that or at least get a good sized umbrella policy.  

I don't know if any of that changes specifically for vacation rentals--if that's jumps into some category of 'running a business'--but generally LLCs don't offer 100% protection anyway, and really not more than an umbrella insurance policy does.https://www.biggerpockets.com/blog/2013/08/17/rent...Definitely consult with your accountant though.

Seems like everyone else is profiting from my hard work and risk.Is there a way to just use one 'umbrella policy' to cover my rental property insurance needs...or a better way that keeps my insurance premiums at a reasonable level?

The scenarios I am envisioning are:1) Transfer the first 4 properties back into my name, dissolve the LLC, and acquire a large umbrella policy to cover myself.2) Create a second LLC in Tennessee for the remaining properties, an LLC in Alabama, and perhaps a parent LLC in Wyoming for asset protection.For some context, I am planning to continue acquiring properties over the years, really with no limit in sight and will look to diversify to other geographic locations.

I also have my home, three auto's and an umbrella policy.  

Once you make the purchase, be sure to get an Umbrella Insurance Policy to cover you for any substantial losses.

It's not a "one-size-fits-all" model that everybody under the Zillow umbrella uses.