Lender Requesting Named Insured to be Updated

[Mohib Nawab]

A short background - I bought this property in 2016 and transferred it from my name to an LLC last year. A few months ago, my lender had asked to see evidence of my property insurance, which of course had my company name on it. I received a letter today that essentially said to contact my insurance agent to update the Named Insured accordingly.

Any thoughts on how I should handle this?

[Mike Flora]

@Mohib Nawab put your name on the insurance and have your LLC as an additional interest on the policy. I do this with mine. Safeco does it for us. They will send you a declarations page you can send back to the lender.