Citizens Insurance Form To Add A Trust

Only a who can be covered in a policy.

Citizens insurance form to add a trust. Citizens will be closed monday september 7 for the labor day holiday. If your trust is the only entity on your policy you get no protection. Simply adding trust is not enough as this is considered a what instead of a who. Type the amendment so that it specifically states the trustee that you wish to add.

To report a loss during this time contact our 24 7 toll free claims reporting center at 866 411 2742. If you do need to make changes to your trust such as adding a co trustee attach an amendment to the document. Continue to check back on this section of our website as we will continue to work on adding other useful links to the page in an effort to provide customers with added servicing conveniences. In other words your home insurance policy should reference the name of the trust and the trust should be named on the insurance policy.

For more than 160 years the company has provided a wide range of property and casualty products and services to businesses individuals and families. Founded in 1915 citizens is a member of the hanover insurance group based in worcester mass. While all insurance practitioners realize the importance of examining who is regarded as an insured by a homeowners policy many consumers and non insurance professionals fail to understand that an entity is a what and therefore is ineligible to receive coverage as a you your or as a family member on an unendorsed homeowners policy. Don t wait report your claim 24 7.

The florida office of insurance regulation oir has approved new rules and endorsements filed by citizens for residences held in trust. Create an amendment to your trust. Keep in mind that the wording on this needs to be very specific. These materials will apply to personal residential new business submissions with effective dates on or after december 1 2017.

Where applicable complete the form online print it and mail it to the address provided. The hanover is one of the top 25 providers of property and casualty insurance in the united states. An insurance trust is an irrevocable trust set up with a life insurance policy as the asset allowing the grantor to exempt assets from a taxable estate.