Family Trust: insurance

Have a question about your personal investments? No matter how simple or complex, you can ask it here.
Post Reply
1year23
Posts: 31
Joined: Fri Apr 01, 2016 8:31 am

Family Trust: insurance

Post by 1year23 » Thu Nov 03, 2016 9:58 pm

My husband and I set up a family trust and we are the trustees of the trust. Our home was transferred into the trust along with other assets. Is it necessary to change the name of the insured on our homeowners policy from our name to the name of the trust? Will the insurance company allow this? What about our earthquake insurance on the home? Should the insured be changed to the name of the family trust?
Thanks in advance to anyone that can answer

123
Posts: 3700
Joined: Fri Oct 12, 2012 3:55 pm

Re: Family Trust: insurance

Post by 123 » Thu Nov 03, 2016 10:38 pm

To cover all your bases I think you could add the name of the family trust as an additional insured on your policies.
The closest helping hand is at the end of your own arm.

Post Reply