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Updated almost 6 years ago,

User Stats

37
Posts
12
Votes
Dan Trinh
  • Los Angeles, CA
12
Votes |
37
Posts

Putting Trust on the Insurance?

Dan Trinh
  • Los Angeles, CA
Posted

Hi Everyone,

So my properties are in a trust. However, my insurance for these properties was under my name only. I just discovered recently that that is a HUGE mistake, being that if anything were to happen, my insurance won't cover it since the property deed is under the trust and not myself. ( I corrected for this huge mistake).

I've spoken to my two insurance companies and one of them has put the Trust as the 'Name Insured' and the other has put another property as 'Additional Insured'. 

Which is better and does it matter?

Thanks!

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