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Updated over 8 years ago on . Most recent reply

Matthew Harrison's profile image
Matthew Harrison's profile image
Matthew Harrison
  • Property Manager
  • from Redford, MI
  • Member since Sep 2, 2015
Connect

User Stats

44
Posts
6
Votes
Matthew Harrison's profile image
Matthew Harrison's profile image
Matthew Harrison
  • Property Manager
  • from Redford, MI
  • Member since Sep 2, 2015
Connect
Matthew Harrison
  • Property Manager
  • Redford, MI
6
Votes |
44
Posts
Goals, Business Plans & Entities

LLC protection

Matthew Harrison
  • Property Manager
  • Redford, MI
Posted

Hello BP, I am comparing insurance policies for my most recent rental and the policy that I believe I am going to go with carries $300k in liability coverage. My question is: do I need liability coverage if I am going to transfer title to our LLC immediately? Isn't the whole purpose of the LLC to protect me against liability? Does the LLC protect my personal assets but I would carry liability insurance to protect the rental property? Rental is in Redford, Mi if that adds to anyones opinion. Thanks!

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