Fire Damage Is Devastating—Make Sure Your Trust Is Covered
If your home is held in a revocable living trust, there’s an important detail you might be overlooking—ensuring your homeowner’s insurance policy includes your trust as an additional insured.
Failing to do so could have serious consequences. Homeowner’s insurance policies typically cover only the individuals named in the policy. If your trust owns your home but isn’t listed on the policy, an insurance company could deny a claim in the event of damage or loss.
How to Protect Your Home and Trust
Attorney Amy Hsiao, Esq., at Hsiao Law, PC emphasizes the importance of taking these steps to ensure proper coverage:
✔ Review Your Policy – Check if your trust is specifically listed as an insured party.
✔ Contact Your Insurance Provider – If it’s not included, ask your insurer to add the trust.
✔ Ensure Proper Documentation – Your insurance company may require proof of the trust’s ownership.
A Few Additional Tips for Homeowners with Trusts
While consulting with an estate planning attorney is essential, here are some general tips to keep in mind when it comes to your home and insurance:
- Keep Everything Updated – As your life changes, so might your estate plan and insurance needs. Regularly review both your trust and insurance policy to make sure they align.
- Ask Questions – If you’re unsure whether your policy covers your trust, don’t hesitate to ask your insurance provider for clarification. It’s always better to know beforehand.
- Understand Your Coverage – Take time to fully understand the details of your homeowner’s insurance policy, including what’s covered and any exclusions. This will help you spot potential gaps.
Estate planning isn’t just about having the right documents—it’s about making sure everything works together to protect your home, financial security, and peace of mind. A quick check now could save you from major headaches later.
Disclaimer: I am not an attorney. For specific legal advice regarding your trust and homeowner’s insurance, please consult a licensed attorney. Permission granted to post.
Credit: Attorney Amy Hsiao, Esq., Hsiao Law, PC
