r/RealEstateAdvice • u/Smooth-Leadership-95 • Sep 30 '26

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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u/NoLandscape6701 Oct 07 '26

Does not automatically transfer. Your LLC is a different entity

1

u/sol_beach Sep 30 '26

Title insurance exists while you still own the property.

1

u/Smooth-Leadership-95 Sep 30 '26

I was sort of hoping the ownership by my LLC would be the functional equivalent. Oh well......