Can Someone Who Doesn’t Own the Home Be a Named Insured on a Homeowners Policy?
Question from a BINY member: “We had an insured who called yesterday to add her boyfriend/domestic partner to her homeowners policy as a named insured. My first reaction was that cannot be done as the boyfriend has no financial interest in the home which I explained. They pushed the issue and kept telling me it could be done (per another agent). I called our company underwriter who advised – you can add a domestic partner as a named insured to a homeowners policy. How is this okay if the second named insured has zero financial interest in the home and is not on the deed?…