Title Insurance Needed?

[Justin Kushner]

I am going to deed two properties out of my name into an LLC, that is owned by my Holding Company LLC (Wyoming).

I have been told by the underwriters at the Title Company that my title insurance will not carry forward to as my name is not a Member of the LLC, but rather, my WY LLC is the Member.

To purchase two new policies in the name of the LLC costs about $650.

Would you purchase the policies? If there's a break in title later, a claim against my LLC will defer towards me, and my title insurance protects ME as I still have the original policies in my own name.

Thoughts? Thank you!