I can only advise on what I did, but I was told to get a rock solid umbrella policy and that it would protect me much better than holding in an LLC.

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

I have good insurance policies in place as well as an umbrella policy.I have a grasp on the basics of what kind of protection an LLC provides.

For Single Family, leverage, then get a large umbrella policy that will cover all your net worth and equity. 

I haven't shopped around yet, but I imagine an umbrella policy for the pool would increase costs.I do have a smallish home maintenance fund saved of about $20,000 so could sustain any unforseen expenses for a tiny bit. 

I am shopping around for umbrella policies.

Essentially, the benefit of the LLC is for the extra layer of liability protection; however, if you have properties under your personal name, there are insurance companies out there that would extend an umbrella policy to those rental policies up to as 5 million.

I only have umbrella insurance covering losses above $300,000.

What you don’t get is asset protection from creditors/lawsuits, but you may not have gotten that anyway depending on your state and a good umbrella insurance policy can perform a similar function for many people. 

Have good umbrella insurance for now.