Member/Owner vs LLC as named insured on insurance policy

[Jay Shah]

Hi everyone,

I have an LLC that holds a couple of properties. Am getting a lower premium (approx $250-$350) if I have one of the members of the LLC as named insured. Upon some research, I found that the 2 disadvantages of having it set up this way are:

- Any claims can be a part of my personal record (and could affect insurance quotes in the future on the personal side).

- In case of claims, the insurance check would be made out in the member's name as supposed to LLC's name.

Are there any important considerations/areas/risks that I am missing? Especially from a personal/LLC liability standpoint?

What is typically recommended? 

Thanks for taking the time to read!

[Jay Shah]

Residential (1-4 units). Currently at about 12 units and plan on getting to at least 20 by the end of the year. 

Also researching it further - sounds like Master commercial policy would be the best way to go once over 18-20 units which will resolve this whole issue.

Thanks, Kevin!