Due to our claims-free history, we are in the process of switching our home, auto and umbrella to a carrier that appears to have the best claims record, which is key to us given the fire history in California where a few of our neighbors have had to go into the high risk pool.The complicating factor I face: we want to keep our options open to offer our home as a PART-TIME short term or corporate rental (so the average rental stay would be 30 to 60 days).

@Austin FarsaiI've always bought in my own name with an $1 million umbrella insurance policy.

I see what you mean, and went back and forth reading about LLC vs umbrella policy.

My insurance broker mentioned it might be worth getting an umbrella policy of $1MM, which was $307/yr.

If you want to protect yourself without going through a headache of making an LLC, get an umbrella insurance policy and pick the coverage that you want.

Would a personal umbrella policy help or is there something else I can add to it?

An umbrella liability policy covering everything is a good idea.

How do we save for CAP Ex and maintenance when not all of the umbrella mortgage would be covered by the tenants on the other half?

or 3. abandoned the LLC and just get an umbrella policy for coverage?

or 3. abandoned the LLC and just get an umbrella policy for coverage?