Rental LLC Insurance

[Devang S.]

I am a new member at Bigger Pockets and have recently acquired a rental property. After converting the deed to an LLC, home insurance companies are giving a runaround and asking to get a commercial quote. Any help/pointers and/or referral to LLC friendly insurance companies will be greatly appreciated!

[Matthew Enos]

I prefer to talk to an insurance broker vs a specific insurance company. Find a good one and they will answer your questions. All my properties are in an LLC and I occupy none of them. I have insurance with Travellers, Grange, and Millers. The fact that the property is in an LLC doesn't mean that you need commercial. I have both commercial lines and personal lines. You may in the future have to convert them all to personal lines or commercial lines if you apply for an umbrella policy. A personal umbrella won;t cover commercial and vice versa. Again, my best recommendation is to talk to a reputable broker. Reach out to a REIA or facebook group in your area. I bet the investors there know who the best broker is.