Liability / Insurance

[Daniel L.]

Hi all -- my first post here .. 

I am in the process of purchasing multiple units within a condo complex. It will be my first investment for pure rental income. I plan on purchasing this in my name first and transferring into an LLC either upon close or shortly thereafter.

My question is, how do most of you manage your liabilities both personally and from an investment perspective? Ultimately I want to protect myself personally in the event an accident were to happen. Is home owners insurance enough to cover this? Anyone take out additional insurance they have found useful to protect yourselves and/or investments?