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?
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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