Personal name as primary insured, LLC as additional insured

[Bienes Raices]

I have it set up this way on my policy for the LLC property right now because they insurance agent said they could not do it with the LLC as the primary insured. They told me that if a claim is every paid out the check will be made out to both me and the LLC and both of "us" will have to sign the check.

They also told me they could put the property owned by the LLC under an umbrella policy since my personal name is listed as the primary insured.

Is there any problem in terms of the corporate veil protection in doing things this way? I actually emailed my lawyer about this but he never responded, so I'm posting it here to see if anyone knows. Thanks.

[Tim Norris]

The owner of the property should be the first named insured. My experience is that the carrier with whom the agent wrote the policy has certain underwriting guidelines that may not allow for the LLC to be the sole named insured. As to which you alluded, check with your attorney, but be prepared to have your agent find a carrier that can accommodate appropriately.