If you do something, like a nasty car accident, that gets you sued, the umbrella provides coverage there too.

I have not read all of the comments BUT I know this ... becoming a millionaire does not happen by ACCIDENT!  

Wishing for a recession is like wishing for a traffic accident: we all know they happen, but we don't need to activity root for them...

I did that method but I kept accidently chipping away too much in random spots and having to break out more and more to replace, and finally ended up just tearing up the entire floor.

Getting my first rental property was an accident. 

A builders risk policy will help protect your construction/rehab projects from damage like fire, wind, or other accidents.

Liabiilyt would kick in if it wasn't a straight up "accident."

I asked my contractor what happens if one of the workers falls and breaks his arm, he said that he is covered for accidents and liabilities up to 1,000,000$...

Guests can be unpredictable and accidents do happen, so it's important to have a plan in place for handling any damages and to have proper insurance coverage.

So even if you pick a state with stronger protections like WY or NV, the cause of action arose in the state where the tenant fell, so likely that the court where the accident happened would have jurisdiction.