If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

Generally, the coverage of the policy will state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”

This gives them the same protection and coverage under your policy as you have as the primary policyholder.

Homeowner insurance provides coverage for owner-occupied property.

I would look at their policies and make sure both the coverage and deductibles meet your needs. 

I’m looking for a reliable insurance agent or company that can help me get the right coverage for a property in Jersey City, NJ.Someone who knows how to handle multifamily properties, provides great customer service before and after, familiar with Jersey City, NJ requirements.If you’ve worked with someone you trust or know a company that’s been awesome for you, I’d really appreciate it if you could share their info or tag them here!

Pretty good book on the subject:https://www.amazon.com/Subsidized-Comprehensive-Government-F...

Does anyone have experience with getting $1 million landlord liability coverage on their policies through Obie?   

You'll want to have an insurance agent familiar with rentals since a lot of the extras on your coverage that you will want, the average insurance agent won't know to give you. 

That's when I realized the importance of staying organized and having a comprehensive checklist.Closing a deal involves juggling a million things.