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Blake Shaw
  • Reno, NV
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Quit Claim w/ Mortgage -- but what to list on insurance?!

Blake Shaw
  • Reno, NV
Posted Apr 29 2017, 17:37

Hey everyone,

Just joined BiggerPockets. Question for the experts here:

I quit claimed my house to an LLC without notifying the mortgage company (the traditional advice). But since I'm changing my primary home to a full-time rental, I'm switching insurance providers (and the new insurance needs to know the Named Insured). If I put the name of the LLC, this will be reported upstream to the mortgage company - and maybe they'll catch it. Or should I put myself as the named insured (which negates the point of the LLC!)?

I'm sort of in between a rock and a hard place. 

Thanks much,

Blake

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