Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Goals, Business Plans & Entities
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago,

User Stats

48
Posts
33
Votes
Matt Fish
  • Investor
  • Wilmington, DE
33
Votes |
48
Posts

Insurance - Moving property from personal to LLC

Matt Fish
  • Investor
  • Wilmington, DE
Posted

I purchased a rental property in my personal name and want to move it over to my LLC. The insurance payments are paid by the lender from my escrow account. In speaking with my current insurance co, they won't insure the property going forward if it is not in my personal name as they don't insure property owned by an entity. I want to change the insurance provider and name of the insured to my LLC, but since the insurance is paid by the lender, how do I do it without accelerating the due on sale? I am hoping that I am over thinking this and there is a simple answer that I am missing so please share your thoughts.

Loading replies...