It’s already being done so I’m not trying to reinvent the wheel, just find someone that has experience with that type of umbrella policy and liability insuranceOriginally posted by @John Underwood:I have seriously thought about adding an option to rent a golf cart.I get numerous questions about whether I rent my boat or where they can rent one.If I do the boat rental I would go through a 3rd party company that covers the insurance.Then I could.get a nicer, newer boat and have it paid for. 

You can then add an umbrella policy above this.

At this stage, I don't think I need to set up an LLC, but I see a lot of people recommending getting an umbrella policy.

You can start with the city website www.coj.net for the building department or property appraiser or the tax collectors office www.taxcollector.coj.net As for the structure of your deal just read the forums about llc v Incorporated and all the good information that can be found in there.One other thing I did with my units that many may not agree with is that I get a general liability coverage for each llc related to that llc and I would get an umbrella policy for you as well.

umbrella policy size since it will be in my name and not under an LLC?  

After looking into the question of whether or not to create an LLC for our investment properties, we decided the better option for us was to simply get more liability insurance, specifically an umbrella policy to cover all properties up to a few million dollars. 

It would be a better investment of your resources to get improved coverage on the "proper insurance" you have, including an umbrella policy that covers all of your properties.I have heard of some of my acquaintances set up land trusts within LLCs to help with anonymity, but they are cumbersome and require a fair amount of money/experience to set them up.

If you’re worth more than $500k you should have an umbrella policy anyway for the liability protection.

I also looked into maybe obtaining an insurance with umbrella policy.

Currently I have an umbrella policy, and i was going to get standard rental policy quotes for insurance, but is there something else I should be looking at?