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Updated almost 8 years ago on .

User Stats

9
Posts
1
Votes
Mike Stone
  • Investor
  • Sarasota, FL
1
Votes |
9
Posts

Insurance 'named insured' on a rental property in an LLC

Mike Stone
  • Investor
  • Sarasota, FL
Posted

I bought my a vacation rental property via an LLC for the purpose of protecting my personal assets from liability. I just got an insurance policy on the place (i have $300K of liability) but I was concerned that the policy is in my own name and not the name of the LLC (my LLC is listed as an addon party).

the insurance people told me this is standard practice but It feels like Im a target. how have other people insured their properties in an LLC?