I am not an attorney nor a cpa nor an insurance agent but have a few LLC's.If your networth is  under a $million, this is your first few properties I would just buy it in your personal name, get great insurance on the property and have a liability umbrella.1.

Maybe compromise by keeping a larger emergency fund than normal, an bigger umbrella policy, obtaining mortgages in your own name so she remains debt-free, etc.   

With that being said, I am looking into getting an umbrella insurance for added protection.So my question is, are there any additional benefits of having a LLC manage the property?

I would also recommend getting at least a $1 million umbrella policy with your LLCs listed on it.

I would then consider an umbrella policy on top of that if your assets justify it and maybe even if they don't.

I'm ready to start looking at properties and identifying a contractor/s I can work with, what type of insurance will I need to make sure my business is properly covered and does that have to be renewed/added to each house I flip or is there some sort of umbrella policy that I can add and remove properties as my business progresses?

Would an appropriate structure be to have each house to be owned by its own LLC and then have an umbrella LLC own them all?

Our current umbrella policy carrier-Geico will cancel our umbrella policy because we will not have a primary home in US.

I have a separate umbrella policy that covers the property, so I'm looking for basic insurance to cover the structure itself.

At one point, I was informed my carrier no longer does umbrella insurance for owners with more than 6 properties, I have to get commercial coverage.