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Updated over 9 years ago on . Most recent reply

User Stats

21
Posts
7
Votes
Ben Rasche
  • Investor
  • Chatham, IL
7
Votes |
21
Posts

Insurance payout question

Ben Rasche
  • Investor
  • Chatham, IL
Posted
My insurance agent said in the 15 years he's been selling insurance he's never had a claim come close to 1 million. In fact he said the biggest claim he's paid out was a bit over 100k. He was telling me this as I was discussing the idea of forming an llc and moving my 6 rental units into it vs upping my insurance. What are your ideas on this and the question of whether or not to roll everything into an llc?

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