In a hard market, rates/premiums go up significantly, higher deductibles may be forced on policy holders, and policies may include more exclusions or provide less coverage enhancements than seen in prior years.

The estate is supposed to notify the insurance company of the death of the primary resident and policy holder.  

We purchased a duplex and Brevard county Florida. We are living in one side and getting the other side ready to rent. Because of the age of the house (1957) location citizens insurancr is  the only insurance that will...

I believe that the policy holder can borrow against it up to some percentage of the total benefit.

One agent I spoke with recommended 400 dollars a sq. ft. and cited recent large  fires where many policy holders were underinsured with the rising costs of materials/inflation.  

Insurance companies really stuck it to their policy holders.  

In today's economy, a strong personal injury claim can easily exceed the average amount of coverage from policy holders.

Often, it will be in the name of both the policy holder and the Mortgagee (if they are listed on the policy).  

Will your LLC and/or insurance policy hold up? 

However they create the ability for the policy holder to leverage the wealth that they have created into creating more wealth and then passing that wealth onto their heirs.