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Trust Accounts
Life Insurance

Trust Accounts Insurance, explained. 

Your home is in a trust. Make sure your insurance knows it.

Home/Life Insurance/Trust Accounts

Trust Accounts

When you move a home, rental or other property into a trust, the trust becomes the legal owner, but your insurance policy does not update itself. Trust account coverage means structuring your homeowners, dwelling, umbrella and other policies so the trust and trustees are properly listed (as named insured, additional insured or through a trust endorsement, depending on the carrier) and every party with a legal interest is protected at claim time.

Inside a Trust Accounts policy.

Trust or trustee listed as named / additional insured on homeowners and dwelling policies
Trust endorsement (HO 05 43 / HO 06 15 or carrier equivalent) covering trust owned residences
Liability protection extended to the trust and trustees, including umbrella
Personal property and loss of use coverage kept intact for occupants and beneficiaries
Rental and investment property held in trust (landlord / DP-3 policies)
Scheduled valuables, vehicles and watercraft titled to the trust
Coordination with your estate attorney so deed, trust and policies match

Is this for you?

Homeowners who have placed their residence in a revocable living trust
Families using an irrevocable trust for asset protection or Medicaid planning
Trustees responsible for real estate, vehicles or valuables held in trust
Landlords holding rental or investment property in a trust or LLC
Charitable or special needs trusts that own or occupy property
Anyone updating an estate plan who has not reviewed their insurance since

Plain language answers.

I just moved my home into a living trust. Do I need to do anything with my insurance?

Yes. Notify your carrier and have the trust added to the policy. Changing the deed does not update the policy, and a mismatch between the two is where claims get complicated.

Should the trust be the named insured or an additional insured?

It depends on the trust type and the carrier. For revocable trusts, the occupants usually remain named insureds and the trust is added by endorsement. For irrevocable trusts, the trust is often the named insured. We confirm the right structure with your carrier in writing.

Does adding a trust cost more?

In most cases the trust endorsement is free or a nominal charge. It is one of the cheapest fixes in insurance for the size of the gap it closes.

Coverages that pair well with this one.

Ready for a Trust Accounts quote?

A short form or a quick call. We’ll shop it across 50+ carriers and come back with options.