Reducing exposure to claims

[Payman A.]

Hi all!

So with a recent refi and a couple loans paid off, my wife and I are looking to reduce our exposure to claims by having only one of our names on each of our personally owned rental properties (so a future claim doesn't end up on both our personal insurance reports).  One option is to transfer title to the spouse that will be insured but I was wondering if anyone has experience/advice on either of the following options:

- Transfer to a single member LLC and insure as such but still receive rents in our personal name(s)

- Keep both of us on title but remove one name from insurance policy

Thanks and looking forward to any replies,

Payman