LLC as additionally insured on personal policy
Hello. I am purchasing a triplex as an LLC and am currently looking at insurance. I also have additional properties currently in my personal name that will be transferred to the LLC. When I contacted my insurance agent, he suggested that I insure them under my personal name and add the LLC as an additionally insured party to the policy versus getting commercial insurance. The bank seems okay with this approach. Has anyone had any problems doing it this way. Thanks