Can I Get Homeowners Insurance If The House Is Not In My Name?

If you’re in the market for homeowners insurance but don’t technically own the home, you may be wondering if it’s even possible to get coverage. Whether you’re living with roommates, renting from a family member, or simply helping out a friend by paying their mortgage, we’ve got good news: you can still protect your belongings and liability with homeowners insurance. In this post, we’ll explore how to navigate the process of getting insured when the house is not in your name. So let’s dive in!

What is Homeowners Insurance?

Homeowners insurance protects homeowners and their belongings from losses due to fire, storm, theft, and other types of accidents. In most cases, homeowners insurance is mandatory in the United States. However, there are some exceptions to this rule.

If you own your home but do not live in it full-time, you may be able to get homeowner’s insurance without having a policy in your name. This is known as “insurance on an insuring entity” or “cosigning.” Before you make this decision, it’s important to understand the risks and benefits of cosigning for homeowners insurance.

Types of Homeowners Insurance

If you are not the homeowner in your house, you may be able to get homeowners insurance from a company that insures homes in the name of others. This type of policy is known as an “implied homeowners policy.” Some companies will require you to sign a document stating that you are not the true homeowner of the house. If you have this policy, make sure you know what it covers and how to file a claim if there is a problem.

How to Get Homeowners Insurance if You Do Not Live In The House

If you do not live in the house, you may be able to get homeowners insurance if the house is not in your name. You can contact your insurance company and ask them to put your house on their list of properties that you are insurable on. You may also need to provide documentation that the house is yours, such as a deed or mortgage statement.

Conclusion

In general, homeowners insurance policies will cover a home regardless of who owns it. That said, there are some exceptions to this rule, and if your house is not in your name you may be responsible for paying out-of-pocket expenses if something happens while you’re living in the home. To get a better understanding of your specific situation, speak to an insurance agent or review your policy document carefully.