I’m refinancing into my personal name but I did get an umbrella insurance policy to add an additional layer of protection.

I have relied on umbrella insurance instead. phil

Call John Booth at Associate Agents in Lakewood - I have been using him for years for everything from car, to umbrella, fix and flips, new construction, etc.

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

I'm an investor and went with Keller Williams because of the training, great culture, decent splits, ability to earn 100% of the commission (once you've 'capped'), profit sharing and you can have your own brand under the KW umbrella.

Taking loan on your name and then transferring to your LLC might implement”due on sale clause”.Also remember typically banks don’t like lending to LLC, although yes it’s possible to find you may end up paying higher interest.If you’re concern about Liability I suggest keep Property in your personal name and consider Million dollar Umbrella Policy..

@Jay Cai the recommendation is generally to buy your first couple SFH (or up to 4-unit homes) in your own name and make sure you have landlord insurance + umbrella policy to cover any liability.

Often having umbrella liability coverage over $1m with an insurance company or putting a 2nd lien on a rental property so there is no equity to go after can help you mitigate risk.

While I just have this one property would it be best to just have umbrella insurance?

A plus if they routinely deal with this AIR form and small mom and pop leases.Insurance – I'm shopping for an insurance provider who can sell me insurance on building, liability, as well as an umbrella policy.