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It depends upon the underwriting rules of the insurer to which application is made. In general, though, a trust is a legal entity capable of holding title to a home, so it has the requisite insurable interest.
Some insurers may refuse the issuance of a standard homeowners insurance policy; others will issue only a dwelling fire policy (non owner occupied policy that covers only the building).
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∙ 13y ago
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Can you insure cash you keep in your home?
no
What was the role of the federal housing administration?
To insure home loans
How does one create a home trust?
You can create a home trust by hiring a lawyer to create the trust agreement. Then you can transfer the mortgage over to the name on the trust while keeping the original document.
Can you insure your home for the value of the mortgage?
Only if it's substantiated to prove the same value
Do you have to insure your home for more than the mortgage balance?
To the insurance company, your mortgage balance has no impact on how much insurance coverage you need for your home. Homeowners insurance is based on the replacement/reconstruction cost of your home.
Can you insure cash you keep in your home?
no
Can you insure a Baldwin organ on your home insurance policy?
You can insure a Baldwin Organ if it holds value to your home in your home insurance policy. You have to make sure that the policy covers not only that, but other valuables within your home.
What was the role of the federal administration?
To insure home loans
Can you insure an unoccupied home?
Many people live in two homes throughout the year, such as those who have a summer home, for example. There are a wide variety of insurance companies that will insure the second home, even when it is unoccupied.
Can you insure a home that you don't own?
If you rent it you can get renters INS
What was the role of the federal housing administration?
To insure home loans
Was the role of the federal housing administration?
To insure home loans
Who insures car titled in some elses name?
You must have a financial (insurable) interest in a car in order to insure it. It works the same way with home insurance. You must own the home in order to insure it. Thus, whoever owns the car and has the title is the only person who can insure it.
If you own two homes in different states and keep a car at each home in which state do you license and insure the cars?
You will insure the cars based on where they are driven the most. If you drive more in one state, insure the car there.
Can you insure a fire damaged home?
Yes, If you have already restored and repaired the home you will have no problem getting it insured again.
How does one create a home trust?
You can create a home trust by hiring a lawyer to create the trust agreement. Then you can transfer the mortgage over to the name on the trust while keeping the original document.
Who would insure your home if handicapped adults are living with you?
Practically every major insurance company will insure a home in which disabled persons are living - having handicapped adults doesn't necessarily change the risk profile of the house to be insured.
