Forming an LLC vs pure insurance protection

[Fabian G.]

Hello folks,

I am about to buy my first investment property. It will be an condo and the general building insurance is covered via the HOA.

Is it wise to form an LCC immediately knowing that I will probably buy some more investment properties going forward?

If not, what insurance coverage should I have as a minimum to protect my personal assets in case someone sues me?

Thank you so much!