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Updated about 10 years ago on . Most recent reply

User Stats

13
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0
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Mario M.
  • Wholesaler
  • Orlando, FL
0
Votes |
13
Posts

Question about insurance

Mario M.
  • Wholesaler
  • Orlando, FL
Posted

I have 2 questions I am hoping someone can help me with 

1.) if the property is in a trust can you insure it under the trust name ? So Insurance companies do not want to do that and want to insure under either the Trustee and or Beneficial interest is either of those ok ?? 

2.) Also if you have LLC 1 which owns LLC 2 , and LLC 2 buys real estate deals, if you have a commercial insurance policy for liability is it ok to insure under LLC 1 ? I have an agent who I have been using for years and he says its ok to insure under LLC 1, My concern was LLC 1 doesn't own the real estate LLC 2 owns it.. He said its ok casuse LLC 1 owns LLC 2

Also Does anyone know an attorney that deals with insurance in florida ?? 

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