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Updated over 6 years ago,
LLC and Landlord insurance
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