If it is discovered that the ex-owner, the first-named insured in this case, no longer owns the property, expect the insurer to deny based upon the fact the policyholder no longer owns the property.

Jason, here is what I have been advised: If your entity is on title, but you are named personally as the insurance policy holder, the insurance company could have a "reason" to not pay out claiming the owner was not the insured party.

It is a better coverage for the policy holder than "Actual Cash Value" (ACV).

That means the company is owned by the policyholders.

But I have read that umbrella insurance covers not just the policyholder, but also other members of his/her family or household. 

Will your LLC and/or insurance policy hold up? 

Insurance companies really stuck it to their policy holders.  

In today's economy, a strong personal injury claim can easily exceed the average amount of coverage from policy holders.

Thanks"Reaching out from Sinistar, we’re a home-sharing platform dedicated to connecting property owners like you with displaced policyholders in need of mid to long term temporary housing.

The purpose of insurance is to distribute costs across all their policy holders, but they also have to charge for profit and overhead.