GVMGVMBeach Lover109 postsJoined View profileMessageBeach Lover
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If title to my beach property is transferred from my name to an LLC with multiple shareholders, does this change the landscape for homeowners insurance? I would appreicate comments from those who have experience in this area.
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tistheseasontistheseasonBeach FanaticAtlanta, GA1,072 postsJoined View profileMessageBeach Fanatic
tistheseasonBeach FanaticAtlanta, GA1,072 postsJoined View profileMessageBeach FanaticIt does chance your insurance. It will be harder to get and more expensive. But it's possible to do. I think we pay a $10 surcharge for each shareholder -- which isn't a big deal. But we had a harder time getting someone to cover us in the beginning. We've bought our house as an LLC about 2.5 years ago.
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