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Updated about 6 years ago on . Most recent reply

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Shahbaz Yousaf
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8
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Advice for LLC and Umbrella policy

Shahbaz Yousaf
Posted

I have 4 rental properties. I have umbrella insurance by Geico. The properties and umbrella insurance are on my name. I was advised to create LLC for asset protection. My question is: do I need to transfer my properties to LLC name and then get a new umbrella insurance on the name of the LLC? Or I can keep properties and umbrella insurance on my name and use LLC as renting renting entity only.

Thanks 

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