Few hours....But, for long term holdings of lesser value (eg residential homes as opposed to larger commercial classified properties), holding properties in your personal name and getting insurnace with an umbrella policy is both “good enough,”It comes with lots of advantages such as being able to get better financing because you aren’t getting a commercial loanNot being a lawyer, I still wonder if having the loan in your personal name while holding Title in your entity isn’t piercing your corporate veil.

I was thinking of lowering the liability to a $100k or $300k and getting an umbrella policy for $1 Million.

If you felt the need you could put an umbrella/excess liability policy over top as well. 

Get an umbrella policy to provide some additional protection.

Umbrella insurance? 

I'm curious how umbrella Insurance affects investment properties and if it's a good protection strategy.

Most just get umbrella insurance.

I’ve obviously got my insurance policy & then another umbrella on top of that so each property is covered up to $2million.

Just get insurance for each one and an umbrella insurance policy.When you say "partner..." 

Might be worth investigating switching to your personal name, getting an umbrella policy, then financing through a traditional mortgage.