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Updated over 4 years ago, 06/19/2020

User Stats

107
Posts
15
Votes
Ryan Bird
15
Votes |
107
Posts

LLC name on deed - first insured vs name insured

Ryan Bird
Posted

I had quit claimed my home so deed is in the name of llc. I need to stay here for one more month before tenants move in after which llc dwelling policy kick starts.

In the mean time my insurance agent said they will add llc as additional insured but will still keep my name as first insured. Is that okay?

If not, how to address the gap for one month? Would agent be able to write one home owners with llc as name insured and then covert to dwelling policy for tenants after a month?

User Stats

107
Posts
15
Votes
Ryan Bird
15
Votes |
107
Posts
Ryan Bird
Replied

Apologies for the error in the post - I meant to say name insured vs additional insured

Today it's - me as name insured with llc as additional and deed is in LLC's name

After one month - LLC fire dwelling policy starts

User Stats

67
Posts
10
Votes
Steven Mallow
Pro Member
  • Insurance Agent
  • Jefferson City, MO
10
Votes |
67
Posts
Steven Mallow
Pro Member
  • Insurance Agent
  • Jefferson City, MO
Replied

It's probably ok either way.  When I write policies for people, I want the person or entity that owns the property or the business to be the named insured.  Then we can add any additional insureds at that point as it's needed.  

  • Steven Mallow
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