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Updated about 2 years ago on . Most recent reply
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Quit Claim Deed Effect on Homeowner's Insurance?
Getting ready to Quit Claim Deed a recent acquisition into a LLC. I'm aware of the due on sale clause risk, however, what is the effect if any on my homeowner's insurance? The homeowner's insurance is currently in my name/property address. If the "ownership" is not changed to the LLC does that void my homeowner's insurance?
Thanks in advance,
Pat
Most Popular Reply
Originally posted by @Patrick Hancock:
Getting ready to Quit Claim Deed a recent acquisition into a LLC. I'm aware of the due on sale clause risk, however, what is the effect if any on my homeowner's insurance? The homeowner's insurance is currently in my name/property address. If the "ownership" is not changed to the LLC does that void my homeowner's insurance?
Thanks in advance,
Pat
Doing a Quit Claim deed can invalidate your Title Insurance too. So check with your Title Company for further direction.