Title transfer to LLC

[Andrew S.]

Good morning all,

I'm looking to transfer a 6 plex with a commercial loan from my name to an sole owner LLC. I've confirmed this is acceptable with my mortgage and insurance providers. My intention is to reduce my personal liability. I've owned the property for 5 years and there's been no issues with title, easements, or anything like that.

Is there a real benefit of using a warranty deed versus a quit claim deed for the transfer? My attorney recommends the warranty deed to transfer the title insurance. My title company says it doesn't matter (they don't sound very knowledgeable).  

 Does keeping the title insurance at this point matter? I assume yes. 

Does using a quit claim deed reduce my personal liability? 

My current understanding is a warranty deed is preferred, but it doesn't actually matter for this scenario.

Thanks