Insurance carrier recommendation for LLC named insured

[James Kim]

Hello,

I have a couple options for this, but does anyone know any insurance agents or company's that are familiar with land lord insurance where an LLC (that owns the real estate) is the named insured and they issue policies as such? Obviously I'd like to also have myself and my property manager as additional named insured too. Any recommendations would be appreciated!

Thank you

James Kim

[Andrew Bish]

Hello,

This should not be an issue for landlord policies. I've got to recommend you seek a local broker who can shop the market for you and is also interested/willing to learn an investors needs.

In Illinois, I like Steadily for 4 units and under, Honeycomb can go do more units as its a commercial policy form. But of course, it all depends on each specific risk. Not sure how competitive they are for your needs, but both allow the named insured to be a business entity, while other insured interests can be a variety of entities. 

It can be more difficult if it is an owner-occupied-primary-residence... however, for a landlord policy you should be alright shopping the local insurance market.