Posted by ray@lcorn on August 17, 2003 at 11:23:30:
Any discrepancy between the way an insurance policy is written and the actual status of the property, such as who owns it, is a potential problem. Typically no one considers it problem until it comes time to pay a loss. That’s when the documentation of the policy is examined for allowed claims, deductibles, etc., and the worst time to find out there is a problem.
Call your insurance agent Monday morning and inform him or her of the situation. It may be as simple as adding the LLC as additional insured, or even no action.
Take whatever action is recommended (including no action), and document the conversation with a follow-up letter. That memorializes the notification of the insuror in case of any question later.