Insurance for rental house after death of owner

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Topic Author
CashConfessions
Posts: 147
Joined: Sun Apr 02, 2017 10:24 pm

Insurance for rental house after death of owner

Post by CashConfessions »

Hello,

I'm the administrator of a deceased relative's estate. She held a rental property (still inhabited by renters) and the insurance policy on that property is coming up soon. I've been calling around to check rates, and I'm being told that no one will write a policy on the property until it's in the name of a living heir. I'm out of state and busy with work, so getting it in the heir's name isn't going to be easy. Is that really the case? Does anyone have any guidance on how to proceed?

Thanks.
Topic Author
CashConfessions
Posts: 147
Joined: Sun Apr 02, 2017 10:24 pm

Re: Insurance for rental house after death of owner

Post by CashConfessions »

Just as a follow-up, Farmers Insurance (through Foremost) was able to write a policy listing the estate as beneficiary without transferring ownership of the house to a living person. It seems rather steep for the coverage provided, but it's possible.
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