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Updated about 8 years ago on . Most recent reply

Amine E.'s profile image
Amine E.'s profile image
Amine E.
  • Investor
  • from Edmond, Oklahoma
  • Member since Jan 17, 2014
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120
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Amine E.'s profile image
Amine E.'s profile image
Amine E.
  • Investor
  • from Edmond, Oklahoma
  • Member since Jan 17, 2014
Connect
Amine E.
  • Investor
  • Edmond, OK
56
Votes |
120
Posts
Insurance

Bank not accepting insurance under LLC

Amine E.
  • Investor
  • Edmond, OK
Posted

I moved four properties to an LLC from my personal name. Bank sent me a letter and said that they have purchased insurance coverage for all four properties because my insurance under the LLC is not acceptable. Said that insurance needs to be under borrowers name. I now pay for two premiums: one under LLC name that I purchased and one under my personal name that bank purchased. Any advise on how to solve this issue is highly appreciated?

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