Investor · Pikesville, MD · Member since 2016 · 40 posts · 8 votes
I was looking for home owner insurance for LLC property. The best quote I found was from allstate agent and it was for Landlord policy, the question is if this policy is not under the LLC name what is going to happen in the worst scenario? is it something you can buy it for your coverage? obviously,on the policy its stated the "Applicant is:- Individual" not entity, even if the agent told me that its the only policy allstate has it to cover this LLC,i don't feel it is the right policy of coverage under individual name. What is your experience and opinion for this matter?
I asked similar questions when I purchased my property. The answer I received from the home insurance agent was to get insurance on the entire property and to get an additional 1 million dollar umbrella insurance policy on top of that.