SF rental is 50% owned by IRA - Ins. claim - trouble getting paid

[Holly G.]

Hello BP members! 

My husband and I owe a single family rental on the Gulf Coast that received damage from a recent hurricane. We have had an insurance adjuster come out and have a quote from a roofing company - the whole roof will need to be replaced as there is damage on all sides of the roof.

The property is 50% owned by my husband's IRA and 50% owned by our LLC. The insurance policy by the carrier does note that the two entities on the policy however the insurance carrier is not willing to do two checks. They are only willing to do one check addressed to both entities and say "no one has ever asked for two checks." Due to the property in an IRA (even at 50%) there is no way we can accept a check on behalf of the IRA.

Our insurance agent is willing to work with us but she is at the mercy of the insurance carrier. Any ideas on how to work this out? Any experiences that you all have had? 

Thanks!