RENTAL PROPERTY INSURANCE SPECIALISTS
Insurance for Rental Properties Owned by an LLC
Many real-estate investors hold rental properties in an LLC. The ownership structure needs to be disclosed correctly when insurance is written, but an LLC by itself does not answer every insurance question.
McKinnon Insurance Agency helps Ohio landlords review the property, occupancy, named insureds and liability structure together rather than treating the LLC name as an afterthought.
What we need to know
Tell us the legal name of the LLC, ownership of the entity, property address, occupancy, number of units, rental term and whether the property is vacant or under renovation.
Foremost states that its vacant-home program can accommodate eligible properties held in the name of an LLC, and its landlord program provides options for rental dwellings subject to underwriting and state availability.
An LLC and insurance do different jobs
Entity formation is a legal/business decision. Insurance is a risk-transfer contract. Owning a property in an LLC does not eliminate the need to review dwelling coverage, premises liability, rental-income protection and broader liability limits.
For legal or tax advice about entity structure, work with your attorney or tax professional. For the insurance structure, we'll review the actual property and ownership details.
Rental-property insurance specialists serving Ohio
Our team works with landlords and property investors from our Dover office and Navarre office, serving property owners across Ohio.
Explore landlord and rental property insurance, business insurance and umbrella insurance.
Coverage, eligibility and availability vary by state, carrier, property and policy. The issued policy controls coverage.