Homeowners Insurance and Your Trust

If you have a home and have titled it into your trust, it is recommended that you inform your insurance agent of this fact.

Some insurance companies require that you inform them that you have titled your home into trust in order to ensure proper coverage. Some insurers will not recognize your trust as being “insured” under the policy unless it is listed as an additional named insured.

Failure to inform your homeowner’s insurance company may result in coverage issues. For the most part, if the named insured is the same as the trustee there shouldn’t be a problem, but no one needs to battle their insurance company for coverage if there is a claim. It’s always better to be safe than sorry in these situations.