Ive heard of creating an llc to protect my personal property but could something really go so wrong that is surpasses the insured value?

If you really want to protect your interests and secure the property, use an attorney.

I would find it hard to believe that self-employed carpenters and gardeners or doctors are a protected class.

Just ignore the dirt, keep digging, and you'll get to the gold.Never forget that the conventional view serves to protect us from the painful job of thinking.stephen------------

The part at the bottom on Protection from Retaliation should not be overlooked.

The purpose of incorporating is to provide some protection from the liability involved in buying homes, owning them and rebuilding them.

I've worked with real estate investors and landlords for years by providing asset protection strategies to dramatically decrease their chance of being sued while also protecting their equity and assets in the event of any type of suit.

There are measures you can take to make it less obvious and further protect yourself.Then my next question would be if it is that obvious that it is being renovated and not owner occupied then what are you doing to protect your investment?  

Examples of such work or tasks include guiding people who are blind, alerting people who are deaf, pulling a wheelchair, alerting and protecting a person who is having a seizure, reminding a person with mental illness to take prescribed medications, calming a person with Post Traumatic Stress Disorder (PTSD) during an anxiety attack, or performing other duties.

Department of Health and Human Services states: "Medicaid liens protect Medicaid’s interest in the recipient’s former home and its right to recover Medicaid spending before the property can be conveyed to another party.