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Updated about 2 years ago,
Insurance for properties held in LLC but not occupied
I hold a couple of properties in a series LLC. Both properties are currently uninhabited as we prepare plans to demolish the existing homes to clear way for development.
Property A consists of two parcels, one parcel with one home, the other parcel with two homes on it. All three homes are in poor condition and I have no plans to put renters in.
Property B consists of one parcel with a single family home. The home is also in very poor condition and no plans to put renters in.
However, I want to make sure I have property liability coverage should something happen on the properties, someone trip and fall, etc.. Looking for advice on what type of policy this would be.
Thanks in advance!