Updated almost 5 years ago on . Most recent reply
Insuring a Property Under an LLC
Hi,
If I put the deed to my property under its own LLC, what's the best way to insure the property considering:
1.) I permanently live in the main dwelling.
2.) The property has a detached structure I would like to utilize as an Airbnb.
I have already confirmed that a “due on sale clause” will not come back to bite me.
I am interested in putting this property under its own LLC for asset isolation purposes, especially if I am going to generate short term rental income on the property.
However, I am having a difficult time understanding the best way to insure my property, given those facts.
Any help is greatly appreciated.
Sincerely,
Nick



