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Updated over 6 years ago on . Most recent reply

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2
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1
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Haider N.
  • Marietta, GA
1
Votes |
2
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LLC and Landlord insurance

Haider N.
  • Marietta, GA
Posted

I am buying my first Buy&Hold property and I already formed the LLC to hold the property but I am little bit confused about the landlord insurance. I asked my Allstate agent to have a landlord insurance and the policy holder to be the LLC but he said the policy holder has to be a person we can't put an entity as a policy holder. I asked my attorney he said you should have a separate policy that goes under the LLC don't put it under your name.

So could you please explain to me what the ideal solution for this.

Thanks

Most Popular Reply

User Stats

2
Posts
1
Votes
Haider N.
  • Marietta, GA
1
Votes |
2
Posts
Haider N.
  • Marietta, GA
Replied

Thank you for all the replies. I was able to get "Rental Dwelling Insurance" from State Farm that lists the LLC as the insured/Holder... Problem solved!

Thanks,

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