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Updated about 2 years ago,

User Stats

19
Posts
3
Votes
Anh Le
  • San Jose, CA
3
Votes |
19
Posts

Landlord Insurance for Property Under LLC

Anh Le
  • San Jose, CA
Posted

I just did a quit claim deed two properties from my personal name to LLC, but mortgages are still under my name. My insurance agent told me that I should have my LLC as a main insured and my name additional insured. He also told me that I should I have two properties in the same policy since they are under the same LLC (currently, only one property is with him) . Can anybody please confirm if I should do that? I'm afraid of due-on sale clause if the insurance policy is under the LLC. What is the properly way to do for insurance ?

Thank you very much for your help! 

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