llc questions

[Greg C]

hi all i have read a lot about LLC and the reason behind them
but what i do not seem to see is any one who has actually needed one,,,, i could be wrong here and that is why i am asking .
i have friends realitives etc who have owned rental property for 30 + years and do not have LLCS ,,, and here in Ca the cost is i think 900 a year,,,, with good insurance and a million + umbrella policy isnt that enough?

is there any one here or have you heard of any one who had a lawsuit at a rental property and the insurance somehow did not cover it and the tennant got some huge judgment against the property owner thus getting only a couple of the property owners homes rather than all of them,,, and this property owner said "whew " i sure am glad i had a LLC,,,,, the odds for this seem astronomical to me,,,,,,,,,, thanks !