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Updated over 6 years ago on . Most recent reply

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2
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Haider N.
  • Marietta, GA
1
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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

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