I already have an umbrella policy.With regards to taxes, will I still be able to deduct the loan interest from current loan even thoughI will have a new loan for my new residence?

Good idea to have an umbrella policy.I would do your own advertising and find your own tenant.

However, for liability reasons we have an umbrella policy as well with an outside company called Hudson Insurance Group (cheaper than Liberty Mutual) that covers this property, our personal residence, and another rental.

I called my agent to get a umbrella policy but he tells me that all state no longer offers an umbrella policy for land lords.

We chose to forget the LLC and just get a large umbrella policy as we could not pay the loans off with short notice if they ever forced the transfer clause.

They told me that if a claim is every paid out the check will be made out to both me and the LLC and both of "us" will have to sign the check.They also told me they could put the property owned by the LLC under an umbrella policy since my personal name is listed as the primary insured.Is there any problem in terms of the corporate veil protection in doing things this way?

And maximum liability coverage I can get on my personal residence is 500K.My question to you: if I shop around and find a company that would do it, will I still be able to get an Umbrella coverage for all my rentals along with personal residence and our cars?

I have 1 million liability on each rental with a 1 million umbrella over that.

I would imagine if you are thinking about leasing multiple properties under the umbrella of your own company, you will need a license.

However, this is preventing me from securing a personal umbrella policy that includes the rental properties.Has anyone else encountered this?