Insuring vacation home , LLC ?

by myra » Thu Oct 09, 2008 12:16 am
Posts: 1
Joined: 09 Oct 2008

We are purchasing a vacation home jointly with another couple and want to know if we form a LLC will the cost of insurance go up.

Total Comments: 2

Posted: Thu Oct 09, 2008 01:23 am Post Subject:

Some insurance companies won't even cover a second home if it is owned by an LLC.

Ask your agent.

Posted: Thu Oct 09, 2008 10:33 am Post Subject:

Isn't this a limited liability comapny? Why wouldn't they insure as a second form of insurance? Would it be because more than one person has value in the property?

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