Yes, absolutely. Once you own rental property, you have assets worth protecting and more liability exposure than a typical homeowner. An umbrella policy sits on top of your regular landlord and auto coverage and kicks in when a claim blows past those limits, for example a tenant or visitor who's injured on the property and sues. Umbrella coverage is usually inexpensive relative to what it protects, which is a big part of why we think it's worth carrying. Talk with your insurance agent about a limit that fits your total net worth and the number of properties you hold, since a worst-case claim against everything you own is what you're really insuring against.