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Updated 11 months ago on . Most recent reply

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John Boby
  • Rental Property Investor
  • LOS ANGELES, CA
3
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56
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Insurance under Land trust

John Boby
  • Rental Property Investor
  • LOS ANGELES, CA
Posted

It's really hard to get insurance under the land trust for rental properties in California. Most agent wants to sell under my personal name and add my LLC name which is the beneficially of my land trust as a additional insured which do not make sense since the property title under the land trust. Any advice?

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2,175
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John Mocker#1 Insurance Contributor
  • Insurance Agent
  • Norwalk, CT
1,206
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2,175
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John Mocker#1 Insurance Contributor
  • Insurance Agent
  • Norwalk, CT
Replied

John Boby,

Two specialty markets (Foremost and American Modern Home) used to insure rental properties under a Trust.  If you check their websites they may give local agents contact info.  Another avenue to explore if they do not work out is using a commercial policy (Business Owners or Package policy).  They may be more willing to make the Trust the named insured.

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