homeowners insurance over insured
Who is the insured in an insurance policy if the insured dies?
About a month before he died, my aunt moved back home to my name with a quit claim deed. Do not talk about insurance for its owners. After she died, I could not find any information on who your agent or whom the company. When the premium bill arrived, I promptly paid. About a month later, the company sent a letter asking if anyone was living at home. The house is empty. I gave details about me and a copy of death certificate and the deed and explained the situation. Never heard of them again. The question is, usually, that coverage will cease when the insured dies? Or when transferring ownership of the house changes? The house is free and clear on the road.
Oh, Bummer. Well, to answer the first question. . . the executor of the estate is an insured, while property is being resolved, along with the estate of the deceased. Vacancy becomes a problem, so the company probably cancellling or not renew the policy, but it doesn't matter. More about this. . . However, homeowners policies are not transferable, so that their policy is irrelevant, if quit claim deeded the house to YOU. You need your own policy. Your policy does not cover the home of your. So now, the house is safe. The policy is not transferred – not automatically, not harder. You must buy your own policy. For a policy of abandonment of real estate is expensive. And the coverage is very broad. Contact a local agent who sells Foremost Insurance – www.foremost.com – have the best price for vacant properties.
