Any real world examples of an LLC protecting your assets?

[Paul Salmela]

I have read several articles on BP that seem to indicate that one should create an LLC for rental properties. I own several rental properties, put my personal name on the title, and have significant equity in most of the properties. I have an umbrella policy that covers me up to 2.5 million. I'm curious if I should be moving these properties to several LLCs to protect my assets. Here are my questions:

Has anyone out there been sued that has their property in their personal name and didn’t have their insurance cover the attorney fees and/or any judgement?

Also, has anyone had an LLC that "saved" them from a judgment outside of their LLC? I'm trying to weigh the costs of moving to an LLC vs keeping this in my personal name.