LTDs vs Liability Insurance?

[Victor Saumarez]

I got a shock when a property manager asked me for $1m liability insurance, which naturally increases my landlords premium. Does placing properties in limited liability companies reduce your exposure, so that you can reduce your liability insurance cover? For example, if my property is worth $100k and I place it in an LTD, can I reduce my insurance liability to $100k, and be protected?