This may be a dumb question but, if we are doing a Quitclaim Deed to transfer ownership of a property over to an LLC, should we also change the insurance policy from our personal names to the LLC name?

On an investment property with no loan, that's rented out, who is the owner of the insurance policy?
The structure of ownership is as follows:
Title to the home taken in the name of the land trust. So the title says...

I bought a property with a Tenant already in the property. Tenant has a Pit Bull on property. My Insurance policy for the property was recently cancelled because of 'dangerous animal' on property.I already made the Te...

Hi BP, I have over 20 properties, most in my personal name but a few in an LLC.  I want to get an umbrella policy to cover all of these properties on top of the $1,000,000 liability I already have on each property.  M...

Hi BP, I have over 20 properties, most in my personal name but a few in an LLC. I want to get an umbrella policy to cover all of these properties on top of the $1,000,000 liability I already have on each property. M...

Hi BP.  I'm analyzing a few properties for my first investment property purchase, which I plan on renting out to my brother and a few of his friends in a college town.  I asked my homeowners insurance carrier for a qu...

Hello everyone! I just learned a harsh lesson regarding landlord/homeowners insurance policies. One of my investment properties had two, separate plumbing issues (wthin 2 years of one another) that we filed claims for...

Hello all,
I'm looking for advice on which insurance policies I need for my flips and which policies should fall onto my general contractor. On my past flips, I have done a builder's risk policy (very expensive) and ...

Question for anyone and everyone:

I am buying a triplex to owner-occupy and not sure what I should be looking for in a multifamily insurance policy. I now have three quotes which are all different. I really don't kno...

Hello BPer's:Anyone else out there tired of the annual insurance premiums increasing year after year, even with no claims ever? My rates jumped 25% on all my properties in just 1 year all with no claims! I have Erie I...