Insurance for LLC deeded properties
I transferred several of my properties from my personal name into LLC name through lawyer about a year ago. Since these properties were held free and clear, he used quit claim deed to transfer them into wife and husband held LLC (partners). However, landlord's insurance is still under my name. Can someone provide me an insight here as to how to handle this. I had little issue with my tenant where she called one of those injury lawyers from TV ads and my insurance spoke with the lawyer and denied the claim after collecting all the evidence from me Landlord was at NO-FAULT). Never heard back from the lawyer in last six months and my insurance company didn't investigate if the deed is under my name or LLC. I have been with the same insurance carrier for over 7 years so may be that is why but how it should be insured? is there any difference in premium if it is under LLC?