Dwelling Title in Name of LLC

December 10, 2012

Our insured has changed the deed to their secondary dwelling that they are renting to others to the name of an LLC. I understand that doing this is strictly for financial planning purposes and helps to protect the insured's assets. It appears doing this changes the ownership to a business and the owners or members of the LLC would be better served under a commercial policy. We are not sure who the members of the LLC are, but assuming the members are the named insureds, would there still be coverage under the ISO DP-3?

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