Do I need to tell my insurance if my houses are in an LLC?

[David Cohen]

I have my homes in two different LLCs. At my last closing the topic came up about telling the insurance company about the LLCs. If the LLC is on title does that mess with the insurance? Also if I do have it switched on the insurance policy would they have to tell the bank? What do you do?

[Wayne Brooks]

Yes, the LLC is the owner, not you, so insurance needs to be in that name. Talk to your insurance co., as LLC's can cause insurance issues. And yes, the LLC will now be shown as the owner when your policy is sent to your lender.