Insurance issues with title in LLC but loan in personal name

[Annchen Knodt]

Hi BP,

I have a rental that I deeded over to my LLC after getting financing in my personal name (the strategy I've learned here for getting better loan rates/terms). I'm having some trouble now with the home insurance policy, since the insurance company (State Farm) wants the name on the policy to match the deed (my LLC), and the lender wants the name on the policy to match the loan (my name). Apparently using my name plus the LLC as "additional insured" isn't passing through underwriting at the insurance company.

Have others faced this issue, and how have you handled it?

Thanks!

Annchen