Is The Limited Liability Company Necessary ?

[Dustin O.]

I have been following a couple of post on LLC. Personally I can not form a LLC for my properties as it well go against the policies of my banks.

So I have spoken in dept with my insurance company. We raised the liability for law suite claims to $500,000 and when necessary it can be moved to the millions. So, is a LLC even required during your starting years of Real Estate investing? And how would it be applied or beneficial for me in the future?

Or am I just missing the point of the LLC and how it should be established or used with investing?

Thank you, any insight would be appreciated. I may be over thinking this a little http://www.biggerpockets.com/forums/92-ask-about-a-real-estate-company/topics/new#