Insurance inside an LLC for 2 Properties

[Bruce Weyer]

I own a duplex and a 4 plex, each of them have their own insurance policies. The 4 Plex is in a LLC, and I'm thinking of putting the duplex in the same LLC. Both individual properties liability policies max out at 500k. I want another separate insurance policy (like an umbrella) for more coverage in case something happens. Can someone explain how they have done this ? or who to contact in Ohio for this? My insurance agent there seems to think that I need to take out a personal umbrella policy. My personal home insurance agent seems to think an umbrella policy will not cover the LLC because that is the point, it's a separate entity. Can someone explain all this? or help?

[Anthony Bellesbach]

May want to talk to real estate lawyer to make sure you have it set up right .