South Carolina Landlord Insurance for LLC Purchased Duplex

[John Harmon]

Hi BP Community,

I'm putting a duplex under contract today about an hour away from Aiken, SC. This will be the first property I've purchased with partners through a newly formed multi-member LLC. My other properties are in my personal name. The broker I've used for my other properties says they can't insure it because the partners are not family members. Does anyone have recommendations for brokers that could help in this situation? I do have a call into the NREIG that I found here on BP, but would like to shop around if possible. Thanks for your help!

[Fouad Hayek]

Hi John,

Seems like you need a different type of policy that your broker does not do. I would initially ask them if they recommend any commercial insurance brokers that can help you out. If not, a quick google search in your area for commercial insurance companies near you could help.

Best of luck!

Fuad