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Updated over 5 years ago,

Shahbaz Yousaf's profile image
Shahbaz Yousaf's profile image
Shahbaz Yousaf
  • Member since Aug 23, 2019
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Shahbaz Yousaf's profile image
Shahbaz Yousaf's profile image
Shahbaz Yousaf
  • Member since Aug 23, 2019
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Shahbaz Yousaf
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8
Posts
General Landlording & Rental Properties

Advice for LLC and Umbrella policy

Shahbaz Yousaf
Posted

I have 4 rental properties. I have umbrella insurance by Geico. The properties and umbrella insurance are on my name. I was advised to create LLC for asset protection. My question is: do I need to transfer my properties to LLC name and then get a new umbrella insurance on the name of the LLC? Or I can keep properties and umbrella insurance on my name and use LLC as renting renting entity only.

Thanks 

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