After-Death Transfer Of Home Insurance

​Homeowners insurance coverage safeguards a house by covering any losses or injuries to the property. The insurance policy often includes liability security to compensate for mishaps or injuries sustained while on the premises. 

But what happens if a home insurance policyholder dies? The following information and tips may help you become knowledgeable about what the spouse or successor may do after the death of their loved ones.

Home Insurance After Death: Spouse
Normally, a homeowner’s insurance coverage includes both couples. The policy may still be in use if this occurs. The spouse may take the deceased’s position as a listed policyholder. The surviving spouse is responsible for calling the insurance provider to verify the adjustments because each insurer has distinct terms and regulations.

However, when a policyholder passes away without a surviving spouse, the property executor handles the house insurance. To alter the house insurance coverage, the executor must take action. The insurer may grant the property executor at least thirty days or the remaining time on the policy to get the necessary homeowner insurance coverages as a substitute policyholder.

Tips On What To Do After Homeowner’s Death
If you inherit the deceased’s house, you must make a few easy precautions to safeguard the property. Here are some tips that you should take into account.

1. Reach Out To The Insurance Policy Provider
   Inform the agency that manages the home insurance as soon as you can. Notify the agent of the policyholder’s passing. A duplicate of the homeowner’s death certificate may probably be requested by the agent and sent through email or fax.
   
   
2. Continue Paying For The Insurance Policy
   Ensure to pay your debts on schedule. You must know whether the payments are sent to the insurance company directly or through a mortgage impound account.
   
   
3. Acquire A New Homeowner’s Insurance Policy 
   A new policy is necessary for you. The new homeowner is accountable for notifying the insurance provider of the transfer. The insurance provider may terminate the current policy and start a new one for the new property owner.

Be Knowledgeable About Your Deceased’s Home Insurance
For a deceased’s homeowners policy to not go to waste, the spouse, property executor, or successor must be mindful of what they should do.  After the death of the homeowner, they must contact the insurance company, continue to pay for the left insurance, and eventually get new home insurance for the new homeowner.

At Auto Express Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays, and we're here to help you out. Learn more about our products and services by calling our agency at (832) 232-4655. You can also request a free quote by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!