Umbrella insurance or LLC for rental
I'm trying to be extra cautious incase something happens at my rental in which I would need more coverage. My friend put his rental in a LLC and he states it will cover him if there is a lawsuit etc. My realtor was recommending an umbrella insurance coverage of a million dollars. Which is the best way to go? Currently I own one SFR but do plan on purchasing more soon. Please advise my fellow BPrs thanks!