A claimant would have to exhaust the limits of your policy and the value of whatever property the LLC holds before moving on to other assets you own.

Each potential claimant has to be personally served by the Sheriff, so the cost will vary based on how many parties need to be served. 

This is worth five minutes of your reading time.If you have a liability claim at your vacation rental, the claimant is alleging negligence on your part and asserting that you are then liable for damages as a result.

40% go to the lawyers. 55% goes to claimants in the class, and 5% or so to administrative side to notify claiments through email and snailmail.

If there is a lawsuit or claim, the claimant's attorney, as well as the claimant's insurance (such as the insurance provided by Airbnb/VRBO), will look to prove and demonstrate your liability in the loss.

Anybody (me or a later buyer) who built on the lot would risk losing it if a claimant won owner to the land underneath. 

By increasing the limits of coverage, you make less likely that a claimant would go after your other assets.  

Failure of a lien claimant to commence a lien action to collect the amount of the claim within said time renders the claim of lien unenforceable.

We get a ton of contractors, relocating families and insurance claimants.

They specialize in finding insurance claimants temporary housing.