., if you got into a bad car accident or something). the LLC, assuming you follow the relatively straightforward formalities when operating it, would offer some protection of the property (if not from any cash-flow distributions you'd otherwise get)

The post says 100 by accident. 

The banks, while foreclosed never took title because it would make them liable for things such as accidents.

Nobody gets up in the morning and plans to fall off a roof , thats why they are called accidents ," Hey today sounds like a great day to drive my truck into a tree"  Not too likely .

The bank was about to repossess it but because of the accident, the insurance company of the guy who wrecked it actually paid off the car note and paid me an extra $500.

This is why I don't allow pets, I have one of the best trained dogs and she has had an accident twice in 8 years that cost me.

The judgement was due to a car accident involving my car that I wasn't even involved with!

You're looking at 45 min min to an hour or more depending on accidents, which are frequent.

The reason is simple: what happens to the deal if you get into a car accident 2 hours after closing and are off your feet for 6 months? 

However, insurance is limited because it only protects you from one type of liability: accidents/negligence.