Advice on a L.L.C.

[DuckyDan]

i was thinking of setting up one because I carry an umbrella liability insurance policy, and that requires me to insure all my vehicles, duck boats, john boats, and 4 wheelers to the max liability limits. I was wondering if i created an LLC and sold my duckboats and 4wheelers to the LLC I could just carry the replacement insurance and they techinally wouldn,t belong to me anymore, just to the LLC. this should help reduce the cost i pay for my personal umbrella policy.
Just curious, would it be hard for an LLC to get insurance policies on vehicles?
Also, this LLC would really never have any taxes due because it wouldn't have any income....would this be a problem?

You can depreciate these assets to offset some taxes, but be careful if you fully depreciate them because when you sell them, you have to pay tax on the gain.

[Gumbo]

The purpose of the LLC would only to have been to move the boats and wheelers out of my name so as to lessen the price of the umbrella policy and also to lessen the amount of insurance I have to carry on said boats and 4 wheelers...I doesn't make sense to carry max liability limits on these boats and such, but since you own them they have to have the max limits to be covered by your umbrella policy....maybe an LP would be better???
Either shell would have no income.....
Oh yeah, my stated business venture could be "hunting camp consultant" or "official duck hole coffe and honey bun representative"