March 12, 2018
Trusts have long been an issue of consternation for underwriters and agents. Insureds put property into a trust for a variety of reasons, but it complicates insurance coverage. Underwriters are wary because a trust is an entity, and not a person, and the homeowners policies are designed for individual people who own property. The trust endorsement that attached to the homeowners policy Residence Held in Trust HO 05 43 10 00 has been withdrawn and replaced with the Trust Endorsement HO 06 15 02 17. The personal umbrella endorsement, Personal Umbrella Liability Policy Trust Endorsement DL 98 08 03 18 has been updated to match the underlying coverages.
Topics covered:
Umbrella Liability Trust Endorsement Schedule
Umbrella Endorsement Definitions
Umbrella Endorsement Section II and III Coverages
Umbrella Endorsement Section VII General Provisions
Already have an account? Sign In Now
For enterprise-wide or corporate access, please contact our Sales Department at 1-800-543-0874 or email [email protected].
Copyright © 2024 ALM Global, LLC. All Rights Reserved.