Does anyone have a personal experience where they were sued for such an amount that umbrella insurance kicked in?

Regardless of which state you choose, be sure to maximize your liability on your renters policy and get an umbrella - this will protect you more than any LLC will. 

That’s what I’m talking about.. having people on the ground who know their turf and can spot trouble before it smacks you in the face.From what I’ve heard, outfits like Northwest Preferred Property Management or Umbrella Properties in Eugene aren’t just running the numbers.. they’ve seen the weird mid-season repairs and the tenant personalities you’ll never read about in a textbook.

By gradually optimizing operations and reinvesting in infrastructure, the endowment can support more affordable housing options without destabilizing the market or alienating investors.Currently, we’re integrating three plumbing companies under our organization’s umbrella.

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 expected to be higher, you may consider an umbrella insurance policy.

Under $200k, pressing for sub $165k, with rents of $1,500mnth+There is a few different strategies were engaged in under this umbrella.

Get good insurance, plus an umbrella policy.

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 expected to be higher, you may consider an umbrella insurance policy.

If not, you can get an umbrella policy from just about any insurer.

Not sure if that will be helpful.You could also work with your agent about a big umbrella policy to cover the uninsured parts.