Why wouldn’t you get an umbrella insurance policy instead?

If you are worried about being sued, there is an argument for opting to just get umbrella insurance.For your specific situation you could consider speaking with a RE attorney or there are services that can help you set all of this up.

I have consulted with a few attorneys over the past couple years regarding this and have determined that for my own personal situation, umbrella insurance provides sufficient risk mitigation for my situation at this time.

Btw, my understanding is that LLCs with only spouses as members don’t give you protection, so maybe you just avoid LLCs altogether, hold title under trusts for anonymity and just bulk up your personal umbrella.

Of course that point is moot if you own them outright.Get the umbrella. 5m would be good.

An umbrella policy or other insurance policies can often lend similar desired protections in a much more realistic and simplistic manner.

As far as I understand insurance protects you from different things.. and yes, we are definitely getting good insurance (umbrella policy for just one property?)

Use a good lease Have proper insuranceAdd an $1million umbrella policyAnyone can sue for anything, but winning is another issue.

Contrast this with someone that has adequate umbrella policy.  

Hi Chris,Long story, but an umbrella policy is not an option for me.