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Irwin Law
Irwin Law, Lawyer
Category: Real Estate Law
Satisfied Customers: 7404
Experience:  Lawyer- Broker 30+years - foreclosure, short sale, liens, title attorney.
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Can a non-owner of a home be the insured on a Homeowners

Customer Question

can a non-owner of a home be the insured on a Homeowners insurance policy?
JA: Because real estate law varies from place to place, can you tell me what state this is in?
Customer: Kentucky
JA: Has anything been filed or reported?
Customer: Yes
JA: Anything else you want the lawyer to know before I connect you?
Customer: Originally there was a Lease with option to purchase - that is how the tenant got listed as the insured, but the option passed without it being enforced, and now there has been a fire, and the Owner is being pushed aside.
Submitted: 4 months ago.
Category: Real Estate Law
Expert:  Irwin Law replied 4 months ago.

You have a potential problem, but the owner can't be "pushed aside" as you say. At the worst, the option holder might end up as a co-payee on the loss draft. The deed holder, i.e. the person who owns the home can if necessary file suit to have the lease – option nullified. That is an extreme step, and the owner will probably not have to take it once the insurance company is fully aware of all the facts.

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