PriceProtect™
DriveShield™
GarageGuard™
Services
Insurance
Car Insurance
Compare Car Insurance with Jerry
Jerry’s Expert Advice
Car Insurance Estimates
Home & Renters Insurance
Renters Insurance
Loans
Car Loan
Compare Car Loans with Jerry
Jerry's Expert Advice
Car Loan Guides
Repairs
Car Repair Estimates
Repair Estimates for Popular Services
Advice
Read Car Content
Browse Jerry Car Advice
Check Out Expert Car QnA
Learn About How We Create Content
Jerry Data & Research
Can I insure a home I don’t own? Can I insure a home I don’t own?
I found out my parents canceled their home insurance policy after they finished paying their mortgage. I want to make sure they are financially protected in case their home is damaged or destroyed. Can I insure a home if I don’t own it?
Talullah Blanco · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Home insurance is necessary and provides financial stability for homeowners if their property is damaged. If your parents won’t purchase home insurance, you may be able to insure a home you don’t own.
Here is what you need to know if you are considering insuring a home that is not in your name:
- You are purchasing a policy on behalf of the legal homeowner.
- You cannot file a claim on the policy. Only the homeowner is allowed to do so.
- The policy will likely need to be in the homeowner’s name.
That said, be sure to speak with agents from several insurance companies before you purchase a home insurance policy for a home you don’t own. Some insurance companies have strict rules regarding insurable interest, so you may not allow you to purchase a policy on a home you don’t own.
If cost is the main reason your parents don’t want to keep a
home insurance
, suggest they use Jerry
. Jerry is an insurance comparison app that shops for low prices with top insurance companies. You will get quotes in seconds, can make changes at any time, and if you ever have any questions, agents are just a text away.
View full answer
- Gregory R.
WHY YOU CAN TRUST JERRY
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.
Join 4M+ members in lowering their car insurance
You Might Also Be Interested
.webp&w=384&q=75)
Read Advice From Car Experts At Jerry
What Others Are Asking
Browse More Content
Insurance for Your Car
Insurance in Your State
Easiest way to compare and buy car insurance
No long forms
No spam or unwanted phone calls
Quotes from top insurance companies
