Key Takeaways
- Each property LLC must be the named insured; the holding company and individual should be additional insureds.
- A commercial umbrella policy ($1M-$5M) should name every entity and sit on top of all underlying policies.
- Annual coverage gap audits prevent the most dangerous insurance failures—wrong entity naming and coverage exclusions.
- Claims must be filed by the correct entity within the policy's notice window (typically 24-72 hours).
This track contains subscriber-only lessons
Explore free tracks in this area of study, or subscribe for full access.
Browse available tracks"Veil Piercing Prevention, Insurance & Regulatory Compliance" is a Pro track
Upgrade to access all lessons in this track and the entire curriculum.
Test Your Knowledge
1.What happens if a property insurance policy names the individual owner but the property is titled in an LLC?
2.How often should a coverage gap audit be conducted for a multi-entity real estate portfolio?
3.What type of insurance policy sits on top of underlying entity-level policies to provide excess coverage?