[WSBAPT] Probate Homeowner's Insurance Question

[John McCrady]

Since the LLC remains in title, and I think it makes sense to leave the LLC in title until the sale takes place, I would think the LLC should be the insured.
I wonder if anyone sees a reason to have the estate be an additional insured?  I have never dealt with that issue.

John McCrady
Counsel
Puget Sound Title Company
5350 Orchard Street West
University Place WA 98467
253-476-5721
j.mccrady at pstitle.com

From: wsbapt-bounces at lists.wsbarppt.com [mailto:wsbapt-bounces at lists.wsbarppt.com] On Behalf Of Carrie M. Kovacevich
Sent: Friday, October 12, 2018 7:27 AM
To: 'WSBA RPPT-Probate & Trust' <wsbapt at lists.wsbarppt.com>
Subject: [WSBAPT] Probate Homeowner's Insurance Question

Dear Colleagues:

Background:  The deceased was the sole member of an LLC.  The only asset of the LLC is real property (a cabin on a lot) in Pierce County.  The property has never been insured.  The PR is seeking homeowner's insurance during the pendency of the probate until the property can be transferred to the beneficiary.

Question:  For a homeowner's policy, should the insured be the LLC or the Estate of John Smith?

Thank you.

Carrie

Carrie M. Kovacevich
Attorney at Law
Lakeview Law, PLLC
1001 4th Avenue, Suite 4400
Seattle, Washington  98154
Office:  (206) 367-6962
E-mail:  carrie at lakeviewlaw.com<mailto:carrie at lakeviewlaw.com>
Web:  www.lakeviewlaw.com<http://www.lakeviewlaw.com/>

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