Where do you think that is going to leave you when facing a lawsuit?

@Steven Wang - It's one thing to have someone spout off and say that they're going to sue you because they tripped outside your house, or verbally threaten a lawsuit. 

Hi everyone,In need of some help/advise. I got a letter from a law firm from FL asking me to provide the insurance policies details pursuant to FL Statute 627.4137. The claimant/plaintiff E claimed she fell on the com...

Because when they move out you may just find they fixed your place right into a lawsuit or a hazard.

It had earthquake damage, was involved in the tenant/landlord lawsuit, and needed new truck doors, sewer work and some misc other improvements.

This way there is no equity  to go after in case of a lawsuit.

Hi,I am living in my primary residence which was a house hack we used for a while with a mother in law suite.

I understand about the insurance and liability but it is a sad state of affairs that kids can't have a swing set because of the fear of a lawsuit.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.Any lawsuits would be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced).

The lawsuits are paying out in every case, but I'm not sure if the owner has to pay it out of pocket or if the insurance pays it.