Send this letter to the insurance company that insures real property transferred to a limited liability company to notify the insurer that the LLC needs to be insured as the property owner.
Letter to Property Insurance Company
$17.00
Description
If you own real estate and transfer it to your limited liability company for asset protection purposes you must get your property insurance company to insure the LLC as the owner of the land. It would be a terrible thing if the home burned down and the insurance company denied coverage because the policy insured you as the owner of the land, not the LLC.
Use this editable Word 2007 letter to notify your insurance company that land was transferred to an LLC and you want to change the insurance policy to cover the LLC as the new owner and make the prior owner(s) additional insureds on the policy. The letter also asks for a premium quote for umbrella insurance for the LLC.
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