I recently put the paperwork in place to make my corporation the beneficial owner of a property held in my personal name. I am the registered owner (remain on title) and the corporation is the beneficial owner. The lease is in the corporations name.
I currently have insurance under my personal policy because title is
held in my name. The insurance company won't add the corporation as a
"also named as" (if that's the correct term).
I read the thread below which I interpret to mean only the personal insurance policy is needed. I'm still not clear what exposure the corporation has and what insurance is needed.
(http://myreinspace.com/search/rein_members_only/Joint_Venture/88-21270-105428-Joint_Venture_Insurance_Beneficiary.html#105428)
I'd be very appreciative to have some insight or direction as to what insurance coverage I need to have in place to protect the property (fire, damage, etc) as well as myself and the corporation (liability).
Thanks.
I currently have insurance under my personal policy because title is
held in my name. The insurance company won't add the corporation as a
"also named as" (if that's the correct term).
I read the thread below which I interpret to mean only the personal insurance policy is needed. I'm still not clear what exposure the corporation has and what insurance is needed.
(http://myreinspace.com/search/rein_members_only/Joint_Venture/88-21270-105428-Joint_Venture_Insurance_Beneficiary.html#105428)
I'd be very appreciative to have some insight or direction as to what insurance coverage I need to have in place to protect the property (fire, damage, etc) as well as myself and the corporation (liability).
Thanks.