He recommends at least $1.5M personal liability umbrella.

I now have 5 house policies, 1 umbrella, 2 cars, and 1 boat all with one independent insurance company.

I wish Wendy the best in getting justice here, but there is another lesson as well for everyone that believes it is easy to pierce the corporate veil of an LLC or that umbrella insurance is all you need.

As a new guy starting out, if you don't have a million or more to protect, just make sure you have an umbrella policy and are dealing with a good insurance company.  

Hosts will than buy a separate umbrella policy, or add it to their current umbrella policy, or commercial insurance policy. 

Couple options, but they basically involve refinancing the debt into a commercial product ie blanket loan, where you put multiple properties under an umbrella of one loan product.

Most of them only owned 1 building and hadn't increased rental rates in 20+ years.For 4 years now we've been targeting this area & though our own purchases & sales to investors under our umbrella we have created a monopoly over there.

Also, I carry 500k auto ins  bodily injury, uninsured motorist, and a 2 million dollar umbrella for the homes in my name. 

Umbrella Corp.Resident Evil$22.6 billion15.

This is important for the rental aspect of your vacation home, because personal liability won't extend to rental activity and could invalidate your claim if something happened.You could also check with a local insurance agency, but I would try to get in touch with an agent who is more familiar with vacation rentals.If you have an umbrella policy, make sure your underlying coverage limits are set up correctly for the vacation rental, and make sure your vacation rental is named on the umbrella.I have a situation like you, where my primary insurer Travelers won't write policies for FL rentals, so I have to work with multiple insurers and it's more work for me.