I use a Farmer’s commercial policy through their Truck division to cover my properties that are owned by Trusts or LLCs (I have both types). Actually, the policy is held by the operating company (an LLC) which operates the rentals on behalf of the LLCs and Trusts that are the actual owners.
The policy is a lot less expensive than individually insuring the properties but on a qty 1 coverage its a bit more.
Does anyone have a referral for a California insurance agency who can insure a residential property in a land trust and it’s trustee which is an LLC?
I am hearing that this may be possible only with a commercial or surplus policy, which is very costly and difficult to have underwritten (which seems senseless)