Deed in my name Mortgage in Mom name-whose name on Home Owners Ins Policy?

My home which is now in my name was originally in my mom's name. Her name is only on the mortgage and homewoner's insurance policy. Now that the house deed is in my name only whose name should the homeowner's policy be in?

Deed in my name Mortgage in Mom name-whose name on Home Owners Ins Policy?
I would imagine both you, as owner, and the bank, as mortgagee. The bank is entitled to be paid back their interest should there be a catastrophe affecting the property's condition, and you as owner should have the ability to file claims for damage, defects, etc.





Now, your mom should probably be added as an "additional insured" the same way I might add a property manager to a policy covering a rental property if they routinely enter the property.





Most people don't add their children to their policy, or tenants, just the owner and the bank.
Reply:Probably both, but you need some professional help here. It is unusual for the house to be in your name and the mortgage to be in hers. Ordinarily the house has to be in the name of the person who holds title to the property.
Reply:Insurance policy for title or for home insurance?





How did the title transfer from your mother to you? Missing information in this question, so contact your insurance agent or the title company for assistance.
Reply:You shouldn't need an atty. for this one. If the insurance agent can't answer the question, get a new one.





Question:


How can the be a deed if $$$ (mortgage) is still owed?
Reply:Yours

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