Is there a way to protect my personal assets from claims against my LLC, whereby the corporate veil may be pierced? My personal homeowner umbrella policy from Safeco is said not to cover claims from emanating from the LLC. --162.229.xx.xxx

If you are hands on, actively engaged in repairs, upkeep, maintenance, showings, lease signings then the LLC will not relieve your personal liability. --72.172.xxx.xx

We are required to care a certain level of individual coverage on each SFH. Then we are able to get the umbrella policy for 1M --99.103.xxx.xxx

I am named as an insured in the umbrella policy for my LLC. If something happens at one of the properties I expect to be covered. --107.77.xx.xx

I have a separate umbrella policy for the LLC through Shelter. --64.251.xxx.xxx

I own my properties in my individual name. Along the same lines as myob above, I needed a certain amount of coverage on my home and vehicles before they would give me an umbrella. However, because I have commercial insurance policies on my rentals, my personal umbrella won't cover those. --72.70.xxx.xxx

They say you should have umbrella policies that cover your net worth. --76.120.xx.xx

If you can't get that, then you can insure all the rentals in a group policy and that policy can have an umbrella, or you can just do a large liability policy on each house individually through the insurance policy on that house, but that's more expensive. But it's still cheaper than losing everything. --108.69.xxx.xxx

My conclusion based upon the above is that there is little chance of protection of personal assets, if the 'legal veil of the LLC is pierced' and the claim exceeds general liability and umbrella of the LLC(other than being able to find one insurance company covering both, which might accept transference of risk from the LLC to the personal liability and umbrella coverage of personal assets.) Otherwise the personal assets umbrella policy would provide no value for claims emanating from the LLC. Feel free to point out if I am incorrect. --162.229.xx.xxx

Is there a reason you're using LLCs? I used to own a single property in one and after awhile I found it was more trouble than it was worth. --72.188.xxx.xxx

As such, courts typically require corporations to engage in fairly egregious actions in order to justify piercing the corporate veil. In general this misconduct may include abusing the corporation (e.g. "intermingling of personal and corporate assets!") or having undercapatitalization at the time of incorporation. --162.229.xx.xxx