I also have a couple of rental policies in my own name but when I went to the insurance company to ask about getting an umbrella coverage - they said that the LLC could be problematic and didn't give me a quote.  

@Jason Bott Account ClosedSo do I need both and LLC and Umbrella coverage with 3 properties and our total assets of <$500k right now or will the umbrella make do? 

For your purposes, if you are worried about liability just get an umbrella policy (they are relatively cheap).2) Buying a new property in my opinion is not investing.

Hello,I have three properties and an umbrella insurance I am trying to get a good lead on a low cost insurance company or a site where I could compare. 

I'm well aware I need to shop around umbrella insurance.  

A few other investors I know create an LLC for each individual property that they keep under one big umbrella LLC. 

So if I get extra coverage like an umbrella policy, does my lender pay for that too (with a higher monthly payment from me of course)?

Michael RoyI do have insurance, the two properties are insured and I have also added a personal umbrella policy.

Use some of that savings on an umbrella

I've had good experiences thus-far with a whole portfolio (auto insurance, primary home, umbrella liability, landlord policies for investment properties in multiple states, etc.) under Allstate - Brandon Reece, 9204 Falls of Neuse Rd Ste 100, Raleigh, NC 27615, (919) 329-2580