I had been keeping our investments separate and always in my name, so that if anything would ever happen above and beyond my umbrella insurance policy that they legally could not take our personal home from us (since it's in his name too).

Hi Jeff,the basics are- separate bank account(s) to show that your business is run separately from your personal financial dealings- adequate insurance for your rentals; landlord insurance and umbrella coverageOptional- LLC for asset protection; if your business entity goes under then your personal assets are separate and not affected.

Secondly, an attorney can pierce the corporate veil of an LLC so it is not all protected. thirdly, and most simplified process, why don't you just get a personal umbrella insurance policy?

I'm about to close on my first property and am looking into picking up an umbrella policy.

I would put the property in your name and get an umbrella insurance policy to protect your assets.Eric

Have had a personal umbrella for many years and now the insurance company is saying LLC's have to be in a commercial policy.

If you're new, no assets, then just go for an expanded umbrella policy IMO.

Or, an umbrella policy would be sufficient at this stage and protecting all of us?

Is there a comprehensive way outside of an LLC to protect myself (ensure renters have insurance, umbrella policy, comprehensive rental home owners insurance for house hacking)? 

.* * I will be holding these in my name as t-in- co n title after we refi out. . . .ironically I received an umbrella policy as from our car insurance agent yesterday . . .what is a recommended amount to hold?