Adding Your Trust to Your Homeowner's Insurance Policy: What You Need to Know
If you've moved your home into your trust, it's important to make sure your insurance policy is also updated.
Dear all,
To those living in the US or owning a house there, please take note:
If you have a family trust, please make sure to add your trust’s name to your home insurance policy, otherwise if your house gets burned down, your insurance will not compensate for the reconstruction.
It is probably new to most homeowners in the US. But it is happening in CA. Many homeowners' claims for fire damages were denied for this reason.
After adding your trust’s name to your home insurance policy, make sure the trust will receive the same coverage as individuals.
For reference,
https://www.andrewmayers.com/blog/adding-your-trust-to-your-homeowners-insurance-policy-what-you-need-to-know.cfm
To those living in the US or owning a house there, please take note:
If you have a family trust, please make sure to add your trust’s name to your home insurance policy, otherwise if your house gets burned down, your insurance will not compensate for the reconstruction.
It is probably new to most homeowners in the US. But it is happening in CA. Many homeowners' claims for fire damages were denied for this reason.
After adding your trust’s name to your home insurance policy, make sure the trust will receive the same coverage as individuals.
For reference,
https://www.andrewmayers.com/blog/adding-your-trust-to-your-homeowners-insurance-policy-what-you-need-to-know.cfm
https://www.andrewmayers.com/blog/adding-your-trust-to-your-homeowners-insurance-policy-what-you-need-to-know.cfm
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