Insurance Trouble With LLC

[Andrew Clifton]

So my insurance agent is wanting to insure a investment property, Umbrella policy, a truck and 2 trailers(these are all for business use only) into my personal name there at the insurance company but have it to where my LLC pays for this while keeping my other personal payments separate.

This raises a red flag for me due to the fact that the LLC should be able to have its own insurance and not under my personal name. The LLC is considered to be it's own person right? 

If a claim dose come up I'm afraid it will be thrown out because it dose not line up right. Wouldn't that be considered say for example Joe let's his friend drive his car and his friend wrecks the car. The car is insured by Joe but his friend is not. Isn't that a faulty claim? 

Any advice would be appreciated! 
Thanks 
Andrew Clifton.

[Ronald Wilson]

Even though you are taking the advantage of s corp, it is still an LLC, your insurance should stand strong. Over coverage can be a heavy burden if it is the suggested route in all your spate business practices. Easiest thing to do is search a second opinion from another 2 competitors and see who the odd man out is. You can do most of this on line with a well written scenario forwarded to each ad to give both the same story to evaluate.

Also keep in mind,  agents make money selling service. Is your agent hurting you selling an extra coverage. . No not directly.  And it may be necessary for a reason we are not seeing. It never hurts to compete for better products, and moments like these offer great excuse to talk to someone else about what they might be able to do for you!