Personal title transfer to LLC insurance

[Ryan Russell]

Hello my fellow investors, 

I am currently looking at partnering with a colleague to purchase a property for both personal leisure as well as to STR. Currently speaking with lawyers on the benefits/drawbacks of purchasing under personal names vs LLC.

I also just recently listened to Episode 527 of the Bigger Pockets Podcast with Pace Morby where he talked about some sort of Title Transfer Insurance that will pay out your loan in the event that the bank calls your bill due upon transfer. 

Has anyone worked with a company like that or have any names for me? I'd be interested in purchasing this insurance in the event that we do decide to transfer to our LLC.

Or, does anyone have any advice on a better way to structure a partnership such as this? Legally, contractually, etc. 

Thanks all, 

Ryan Russell