Premises liability comes into play whenever an invitee access your property and may be injured as a result.

Brief specs for the quick reader, and more in-depth story below.Purchase price: 800,000-900,000, Cash down: $160,000-$180,000Profit Split 70/30 to 50/50 depending on capital & financing abilityMonthly Expenses (Mtg, Utilities, Insurance, Chef, Cleaning, Driver, Groceries): $8,000-9,500/monthRent Price: ($120-140 per night, 4-6 tenants) Ability to bring in $15,000-$30,000 per monthI injured my back last year, and multiple doctors said I needed spine surgery.

BUT, if I leave the snow, and they injure themselves on it, I'm not liable. - What about HVAC filters?

She raised her daughter alone, daughter graduated, and has moved on.Hubby was DOD, she was left with the home, and has been injured again in a second accident. 

It's was ugly and I'm fortunately that no one was injured.

Unless you do some negligent i.e. injure, or kill someone drunk driving, etc...

And to be clearer-er, and you may already be addressing this @Zak Parks, I was asking about the asset protection of a mortgage vs LLC credit line as it pertains to litigation from say a tenant or injured person on my property.  

Loss payable usually means that they will pay it off to the one injured.

If someone gets seriously injured on your property and decides to sue you, you are NOT covered.

The handyman ad hoc concept is fine, until no one can reach the handyman - or that handyman injures himself on the job....or worse yet....the work that handyman does injures your tenants.