After transferring my investment home into an LLC, who should be listed as Insured on the home insurance?
So I completed the transfer of my investment homes into an LLC. I was originally listed as the INSURED on my home insurance. I currently have a tenant occupied rental policy as it is a rental/investment property.
1. Should the LLC be listed as the NAMED INSURED now?
2. Or should I still be listed as the NAMED INSURED and name the LLC as the additional NAMED INSURED?
My insurance agent said that he only does individual insurance and thought that #2 would work.