Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago on . Most recent reply

User Stats

9
Posts
0
Votes
V Krishna
  • Austin, TX
0
Votes |
9
Posts

Insurance for Rental Property on LLC with 3 Members

V Krishna
  • Austin, TX
Posted

Hello - I bought a rental property (single family home) on my name and would like to transfer it to an LLC with 3 Members. This is in the state of Texas. The members are myself, my own brother and a best friend. The insurance policy is current on my name. The question is:

Can i get an insurance that's NOT commercial and have the LLC listed as the "Name Insured" ? And also, should the policy have all the individual members of LLC listed on the policy ? Would the insurance company allow that ?

      I have talked to insurance agents here and unable to get a clear answer. I would appreciate if you all can shred some light on this. Thanks in advance.

      Loading replies...