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Insurance
Account Closed
  • Investor
  • Colorado Springs, CO
10
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72
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Land Trust - who should be named on the insurance policy?

Account Closed
  • Investor
  • Colorado Springs, CO
Posted Oct 29 2016, 07:21

Hi Folks

Need your help please. 

On an investment property that's rented out, who is the owner of the insurance policy?

The structure of ownership is as follows:

Title to the home taken in the name of the land trust. So the title says something like '123 main st trust, John Smith trustee"

The beneficiary is a LLC.

The holding entity that owns the LLC is a Family Limited Partnership.

So there are three entities that flow down in ownership top to bottom. 

When taking an insurance policy out - who is named on the policy documents ? 

How is the policy written ? 

Thanks 

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