Insuring for higher amounts doesn't always raise the premium a ton (for example a $2MM umbrella policy is not double a $1MM policy). 

We will increase our umbrella after this new property. 

For now, you protect yourself with umbrella insurance.

Hi Folks,I recently want to re-evaluate my rental properties insurances as well as looking into umbrella insurance to cover them.

You could add an umbrella insurance policy.If you have equity you could open a HELOC against the property.

An umbrella policy does not cover anything special, it only increases the amount that will be paid out in the event of a liability claim. 

I would suggest getting umbrella insurance.

I think holding in your personal name with an umbrella policy may be similar risk wise to holding the property(ies) in an LLC but with perhaps lower overall costs after factoring minimum taxes and fees associated with an LLC.Perhaps an atty could tell you what the process would be for transferring properties into an LLC, but I don't imagine it would be difficult. 

I'm trying to find a broker that can bundle all 6 properties into one plus put in place an umbrella policy.

I do know if you manage tenants then yes you do need a company -ceo of TCM property management