Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 2 years ago on . Most recent reply

User Stats

92
Posts
102
Votes
Patrick Hancock
  • Investor
  • Orlando, FL
102
Votes |
92
Posts

Quit Claim Deed Effect on Homeowner's Insurance?

Patrick Hancock
  • Investor
  • Orlando, FL
Posted

Getting ready to Quit Claim Deed a recent acquisition into a LLC. I'm aware of the due on sale clause risk, however, what is the effect if any on my homeowner's insurance? The homeowner's insurance is currently in my name/property address. If the "ownership" is not changed to the LLC does that void my homeowner's insurance?

Thanks in advance,

Pat

business profile image
Pat Hancock at Thomas Lynne Realty Group, LLC
5.0 stars
15 Reviews

Most Popular Reply

Account Closed
  • Specialist
  • Paradise Valley, AZ
2,936
Votes |
3,447
Posts
Account Closed
  • Specialist
  • Paradise Valley, AZ
Replied
Originally posted by @Patrick Hancock:

Getting ready to Quit Claim Deed a recent acquisition into a LLC. I'm aware of the due on sale clause risk, however, what is the effect if any on my homeowner's insurance? The homeowner's insurance is currently in my name/property address. If the "ownership" is not changed to the LLC does that void my homeowner's insurance?

Thanks in advance,

Pat

Doing a Quit Claim deed can invalidate your Title Insurance too. So check with your Title Company for further direction.

Loading replies...