Insurance
Insurance coverage should be reviewed as soon as practical after the death of a property owner. Vacant homes, changes in occupancy, and extended estate administration may affect coverage. Consult your insurance carrier or agent before making significant changes to the property.
Many executors assume the homeowner's insurance policy will simply continue unchanged after a loved one passes away. In reality, a change in ownership, occupancy, or the length of time a home sits vacant can affect coverage. Understanding your policy early can help prevent expensive surprises later.
Review the existing policy
Locate the current homeowner's insurance policy and verify that coverage remains in effect. Make note of the insurance company, policy number, renewal date, deductible, and contact information for the agent or carrier.
Notify the insurance company
Inform the insurance company that the property owner has passed away and that the home is now part of an estate. Ask whether any documentation is required and whether any changes to the policy should be made while the estate is being administered.
Understand vacancy provisions
Many insurance policies include provisions that apply when a home is vacant for an extended period. These provisions vary by carrier and policy. Understanding them early can help avoid gaps in coverage.
Continue protecting the property
Insurance works best when paired with responsible property management. Regular inspections, prompt repairs, seasonal maintenance, and keeping the home secure all help reduce risk.
Document damage promptly
If the property experiences storm damage, water intrusion, vandalism, or another covered loss, document the damage with photographs, take reasonable steps to prevent further damage, and contact the insurance carrier as soon as practical.
Quick Reference
- Locate the current homeowner's insurance policy.
- Notify the insurance carrier of the owner's death.
- Ask whether vacancy affects coverage.
- Continue regular property inspections.
- Document any damage immediately.
- Keep records of all conversations with the insurance company.
Helpful Tip
Keep a notebook or digital file with the names of insurance representatives, claim numbers, and the dates of every conversation. Good records can make future questions much easier to resolve.
Continue Your Journey
Need personal guidance?
Every estate is different. If your question involves legal advice, you should speak with a qualified New Jersey estate attorney. If you are dealing with an estate property or want to talk through next steps, Dennis can help.