Insurance For Buy & Hold LLC Properties

Philadelphia, Pennsylvania
Market Trends & Data
4yFollow

Insurance For Buy & Hold LLC Properties

Mario Arnone
New to Real Estate · Philly/ Ewing New Jeresy Area · Member since 2020 · 19 posts · 14 votes

Hi All:

I recently transfered the deeds to my buy & hold properties out of my name and into to my LLC's names. Now I'm finding it hard to find competitive home owners insurance coverage as a result. Does anyone use a good affordable company that will insure a rental property held by and LLC?

Thanks for your help!!

0Reply
19 views

2 Replies

Jump to latestLatest
  • Nate Smoyer
    Specialist · Rapid City, SD · Member since 2016 · 100 posts · 46 votes
    4y

    Hey @Mario Arnone,

    If these are for rentals, you'll want to search for landlord insurance vs. homeowners insurance. 


    If you search and shop for homeowners insurance, you're not likely to find a service that will be able to cover your properties.


    Hope that helps!

    1Reply
  • Bill B.
    Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
    4y

    Plus you wouldn’t have any coverage in the event of a loss anyway as it would only cover owner occupied homes. Landlord policies should be much cheaper as they don’t cover any personal items inside. (Hence the reason you require your tenants to have renters insurance, which is also very cheap.)

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free