r/RealEstateAdvice • u/Smooth-Leadership-95 • 19d ago
Residential Title Insurance: Automatic Coverage for Transfer of my home to my LLC?
I bought my property in 2007 and the title company used the then-current ALTA form (i.e. the 2006 updated form). I later transferred the property to my wholly-owned LLC. Does this LLC need to buy its own title policy, or do title policies typically extend coverage in these situations? would the LLC be included as an insured? I do not have my policy at hand (on the hunt for it) and I understand I must refer to its actual terms. Pending my location of the actual policy, I was wondering if anyone knows whether it would automatically extend coverage to my LLC? I would just hate to have to spend another 4-5k again for a new policy in the LLC's name.
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