LLC Named as "Additional Insured" on insurance polity
During 2015, I set up a Texas Series LLC to hold my 8 single family home rental properties. My attorney filed deeds to transfer the properties out of my name - into the name of the individual series within my LLC. Rather than cancelling the insurance policies in my personal name, my insurance agent suggested that I simply keep the policies in my name but name the LLC as an "Additional Insured" on the policies. Apparently, this is how her investor clients handle insurance.
I'm wondering if this is an acceptable approach, or should I cancel my current policies (with the LLC named as an additional insured), and get insurance in the name of the LLC. Of course, my goal is to maintain the integrity of my asset protection plan.
Has anyone considered this issue?