You probably will not be able to purchase the property with an LLC, however you can transfer ownership to your LLC later using a quit claim deed.You stated that the property won't be in your home state so I am assuming that you won't live there, so an FHA mortgage is off the table.It is not necessary to purchase the property with an LLC and a good umbrellas insurance policy will work in many cases.

Whether you hold in an entity or your own name does not change that.The big negatives of a LLC in your case:Extra work and expense: if you don't have significant assets to protect, it's probably better to just get an umbrella policy.Less attractive loan terms if/when you refi.

Just buy insurance and an umbrella liability policy.

It is clear to me that it's time to get some umbrella insurance.

The easiest way will be to just buy it as a sole proprietor and add an umbrella policy just for protection.

Good day and Happy Memorial Weekend,  Has anyone who owns a personal or commercial umbrella policy ever been sued and had to leverage their umbrella policy?

Commercial insurance rates can be about double SFH plus an umbrella is a smart addition.

An easier way may be to keep the property in your name and purchase an umbrella insurance policy for liability protection.

Generally, just buy insurance including an umbrella policy and move on with life.

I also asked her about adding an umbrella policy that she never got around to so I went and found one myself.