Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Quit Claim w/ Mortgage -- but what to list on insurance?!
Hey everyone,
Just joined BiggerPockets. Question for the experts here:
I quit claimed my house to an LLC without notifying the mortgage company (the traditional advice). But since I'm changing my primary home to a full-time rental, I'm switching insurance providers (and the new insurance needs to know the Named Insured). If I put the name of the LLC, this will be reported upstream to the mortgage company - and maybe they'll catch it. Or should I put myself as the named insured (which negates the point of the LLC!)?
I'm sort of in between a rock and a hard place.
Thanks much,
Blake