Over the past few years, many of our clients have been transferring ownership of their homes and rental properties to trusts, LLCs, and other types of entities. There are a number of benefits for these ownership updates. At Herlihy Group, we just want to remind all that these changes may have harmful and unintended insurance coverage consequences.
A few questions to review:
- What is the name of the person or entity on the deed to my property?
- Is this name listed correctly on my home or property policy?
Not sure? We are here to help!