My brother and I own the duplex free and clear. He will live in one side and we’ll rent the other. We want to create an LLC and put the house in it. Where do we look to buy insurance?
I Own A Duplex & Want To Put It In An LLC. Can It Be Insured?
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One response to “I Own A Duplex & Want To Put It In An LLC. Can It Be Insured?”
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Yes of course, but more than likely it will not qualify for a standard dwelling policy issued on a personal lines form. Instead it will need to be covered by a commercial policy designed to offer protection for properties that are titled in the name of a business, in this case an LLC.
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