Would I be able to keep our current homeowners policy and then get an umbrella –Would this be enough for liability?

Insurance would cover it, I would pay the deductible, and no assets would be lost.If you are in an area like San Diego where people are more likely to sue, a judge is more likely to find you guilty, and the payout is likely to be higher, then you may consider an umbrella insurance policy.

Just get an umbrella policy to defer liability if that's your main concern.  

An umbrella insurance policy would give much more protection.  

I have a $3million umbrella for the liability but it covers all properties obviously.

Hi Maria,You can get an umbrella policy or landlord insurance to protect yourself.

I have an umbrella insurance policy right now to provide some liability protection.  

Have you looked into getting umbrella insurance as a first layer of defense to rentals?

. :')I'm curious if people do LLC and pay a higher interest rate, or do personal ownership and buy an ~$1MM umbrella policy to help protect.

Or, a charging order may be granted.If you're going the umbrella insurance route, perhaps see if it will cover you for several things including just the routine slip and fall (like mold or earthquake).