Owners, Named Insureds, and Additional Insureds

We have a policy where four siblings own a home. The mother lives in the house but deeded the property over to all the kids. One adult child resides with the mother. The question is who should be listed as the named insured on the homeowners policy?

The agent wants everyone listed as named insureds, but we believe that the owner living in the home is the named insured, with the other siblings being additional insureds. Please share your thoughts.

Connecticut Subscriber

Most likely, the agent thinks all the children should be listed as named insureds because they are all on the deed as owners of the property. However, the homeowner policy defines insured as ″you and residents of your household″. The siblings are not residents of the household even though they do have an interest in the property.

The HO 04 41, additional insured endorsement, provides the siblings with the necessary coverage as part owners of the property, even though they are non-residents. The sibling living in the house is the named insured; the brothers and sisters are additional insureds.

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