@Mark S. @Marc Winter @Chris Martin
@Shawn L. @Jeff Copeland @Andrew Ware @David Faulkner @Llewelyn A.@Chris Mason
Hello BP members,
Came across this interesting thread and since this is quite old, calling out few of the members. I understand that there are multiple examples where lender activated DOS. I' am in slightly different situation though. I transferred my properties from my personal name to LLC 2-3 years ago and everything was going fine until now. Recently I changed my insurance provider and my mortgage company noticed that primary insured is my LLC and my personal name is showing up as additional insured. They are asking me to have my personal name as primary.
Not sure what would be the implications If I change my policy and put my name as primary and my LLC as an additional insured. Is it ok/safe/recommended to have my name as primary and my LLC as additional insured ?????
Will appreciate any thoughts...
Thanks,
Kumar