LLC Insurance
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LLC Insurance (by Richard [NV]) Feb 20, 2010 8:24 AM
       LLC Insurance (by Steve [OH]) Feb 20, 2010 10:06 AM
       LLC Insurance (by Virden [OH]) Feb 20, 2010 8:12 PM
       LLC Insurance (by Martin [MO]) Feb 21, 2010 6:57 AM
       LLC Insurance (by Ann [MN]) Feb 21, 2010 9:59 AM
       LLC Insurance (by Richard [NV]) Feb 21, 2010 10:01 AM
       LLC Insurance (by Steve [OH]) Feb 21, 2010 1:45 PM
       LLC Insurance (by Ponari [TX]) Feb 21, 2010 6:46 PM
       LLC Insurance (by NE [PA]) Feb 21, 2010 7:50 PM

LLC Insurance (by Richard [NV]) Posted on: Feb 20, 2010 8:24 AM
Message:

State Specific Question About: NEVADA (NV)

We have an LLC with several single familty homes as rental properties in title of the LLC.

We want to get insurance under the LLC name for proper coverage. I can't find a company that will underwrite the policy in the name of LLC.

This is crazy. Can anyone with an LLC and single family homes as rentals tell me what company they used.

We don't want to keep the insurance in our name.

Also, beyond the property coverage what are others doing for supplemental liability insurance against lawsuits?

Company General Liability??

Company Umbrella Liability??

Both of which I can't find a carrier either without combining everything.

thanks

--67.180.xx.xx



LLC Insurance (by Steve [OH]) Posted on: Feb 20, 2010 10:06 AM
Message:

We use Farmers, Cash Value Policy with underling Liability. We found this most cost efficient. --65.89.xx.xxx



LLC Insurance (by Virden [OH]) Posted on: Feb 20, 2010 8:12 PM
Message:

I got rid of the LLC and let common sense prevail. --99.147.xx.xx



LLC Insurance (by Martin [MO]) Posted on: Feb 21, 2010 6:57 AM
Message:

Farm Bureau.

I think you know this, but do NOT personally pay for insurance for a property owned by an LLC. You are NOT the owner. --70.128.xxx.xxx



LLC Insurance (by Ann [MN]) Posted on: Feb 21, 2010 9:59 AM
Message:

I also dropped the LLC, and voila, the premium on my fourplex went down by 50%. --76.17.xxx.xx



LLC Insurance (by Richard [NV]) Posted on: Feb 21, 2010 10:01 AM
Message:

Ok, so how do the previous 3 replies have anything to do with the original post? Sometimes I just don't get it. We are NOT getting rid of the LLC. We have started several companies before and having the separation of personal finances is extremely prudent.

I've got to believe there's someone out there that has gotten insurance for rental properties through their company. --67.180.xx.xx



LLC Insurance (by Steve [OH]) Posted on: Feb 21, 2010 1:45 PM
Message:

As stated above, our LLC attained coverage from Farmers Mutual, Cash value policy with underlying Liability. Cash value is key here Replacement coverage will be cost prohibitive. --65.89.xx.xxx



LLC Insurance (by Ponari [TX]) Posted on: Feb 21, 2010 6:46 PM
Message:

we found the mortgage companies would not allow us to put properties into an LLC. Everything is in a trust. We carry insurance personally and also have an umbrella policy. --71.96.xxx.xx



LLC Insurance (by NE [PA]) Posted on: Feb 21, 2010 7:50 PM
Message:

Ive used State Farm. Home owner rental dwelling policy written the LLC's name. Could never find an Insurance for the LLC itself though. --66.33.xxx.xxx



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