LLC Insurance Quote

[Dan S.]

Hey all. Just purchased my first triplex in South FL which I found through homesteps. I have been lurking around here for several months reading as much as I could. I know most of you are not too fond of purchasing under an LLC but with my wife being an attorney, I did not have much of an option. My insurance agent who covers mostly everything for me told me that his options were limited for insurance for the LLC. I was quoted around $5500 for liability, hail, windstorm, etc.. not including contents. This figure seems very high and will eat away a good chunk of my net. Anyone else in FL who has an LLC paying a premium this high?

I do have a personal umbrella policy by the way, but I was told that since the property is under an LLC I would not be able to put it under my personal umbrella.