I've had a building burn to the ground and a fire resulting in partial damages, luckily no one was injured in either.

If somebody is injured (or worse) on your property due to negligence you could be held personally liable.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

So if a massive snowstorm injures someone or if an electrician hired by the landlord improperly wires the rental unit and their negligence causes injury to someone, a landlord cannot state that the tenant is liable for those injuries as they were out of the tenant's control.Similarly, if that massive snowstorm or the faulty wiring by the electrician hired by the landlord results in property damage, a rental agreement cannot state that the tenant in liable for that damage as the damage was caused by a natural disaster and/or a person other than the tenant or the tenant's guests or invitees.However, it is legal and enforceable for a rental agreement to state that a tenant will be responsible for personal injuries and/or property damage if the injuries or damage were caused by the tenant, the tenant's guests, or the tenant's invitees.8.

.- If the tenants cause their neighbors to suffer a loss, through bodily injury or property damage, their Renters Insurance will provide protection that would compensate the injured party.

If someone injures themselves and sues, they will be suing the LLC and not you personally.

Also few of my investor friends mentioned that Insurance liability does include what they exclude from liability standpoint certain times if a contractor (who possibly may not have workers compensation or insurance if injured) then insurance will not cover that liability.

If I can make more money per hour in my career job and use that money to hire someone with the expertise and the right tools, it will cost less money and less time, and I would be at less risk of injuring myself.

If the contractor has no Insurance you are more likely to be drawn into a suit by the injured party,3. an employee of one of the contractors is injured on the job site.  

If you don't have a means of escape and someone is injured or killed, things will get ugly.