The lawyer guru's that push LLC's for rentals never tell you that little bit of information and since lawyers are the ones that make money off of setting up LLC's they want you to get a bunch of them.Consider umbrella liability insurance policies to cover your personal assets, etc. 

im motivated but id rather "measure twice and cut once" than "ready fire aim".

For example I could have a LLC which covers multiple properties and I have yearly fees for this LLC or a single umbrella policy which covers all properties or subscription to sites like Biggerpockets.3.

This is neither of those cases...I just don't get how they will issue the policy...and if 5 years down the line if there is an issue, will that policy actually pay out.

So do you suggest moving my properties under a LLC or maybe just get an umbrella policy?

Some other underwriting policy specific to that bank? 

There's an owners title policy that insurers you own the property and there's a lenders policy that insures lender is in first position. 

It is not your responsibility, tenants should carry renters policy for their own personal belongings.

Also, from my experience larger banks, such as Wells Fargo, have a much stricter lending policy than smaller banks or credit unions, such as UICCU.

Get an umbrella insurance policy and buy them in your name.2.