Land Lord Insurance and LLCs

[Mike Hansen]

Hi there --

My business partner and I have just started up our series LLC, and now have 3 single family homes.

We have secured landlord policies for the homes with an insurance agent I've known for decades at Allstate. The thing is Allstate doesn't allow our LLC to own these policies: the landlord policies must be attached to the owners (read: my) policy, with the LLC being named on the policy as well.

We want out LLC to be as autonomous from the owners as we can. Can this insurance arrangement leave a back door for popping the LLC protection bubble if worse case scenarios occur and we get sued?

We're located in Illinois and utilize a series LLC, so each house is connected to an individual series.

Thanks much --

Mike