PROTECT YOUR HOME: Your Insurance MUST Match Your Property Title

In the aftermath of the LA fires, some homeowners have discovered their insurance claims were denied or disputed because their property title was held in a trust, but their insurance policy was under their individual name.  

I want to highlight this important reminder: Make sure your insurance policy aligns with the ownership structure on your property title. If your home is titled in a trust or LLC, it’s essential to add the trust or LLC as an additional insured on your policy to avoid potential issues during a claim.  

An insurance carrier clarified the following:  
“A carrier can potentially deny a claim if the home is titled in a trust or LLC but the insurance policy is under the individual homeowner's name. The ownership structure as indicated on the title must match the named insured on the policy to ensure proper coverage. To avoid a dispute, it’s crucial to add the trust or LLC as an additional insured on the policy.”  

This simple step can help protect your home when you need it most. Take a moment to review your policy and make any necessary updates!

Information and image provided by Gail Bean

Sales Manager, Mortgage Loan Originator, CMG Home Loans, NMLS#583000