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Updated almost 5 years ago on . Most recent reply

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José Linares
  • Investor
  • Alexandria, VA
2
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13
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Insurance Company recommendations for property under LLCs?

José Linares
  • Investor
  • Alexandria, VA
Posted

Does anyone have any recommendations for insurance companies that deal with properties held under an LLC?

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John Mocker#1 Insurance Contributor
  • Insurance Agent
  • Norwalk, CT
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John Mocker#1 Insurance Contributor
  • Insurance Agent
  • Norwalk, CT
Replied

Jose,
More and more companies will write the 1-4 family properties owned by an LLC on a homeowners or dwelling fire form. They want to know the LLC is owned by an individual or couple and is not used for any other business purpose. For over 5 unit bldg you need a commercial policy. That will not have a problem with an LLC.

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