QUESTION
If home has not gone through probate can the occupant insure it.
Asked on Dec 22nd, 2020 on Wills and Probate - New York
More details to this question:
I have lifetime use of the house it has not gone through probate yet if I don’t insure it there is no protection of this asset is it legal for me to get insurance on the home?
1 ANSWER
2 Awards
The executor, one appointed, is responsible for maintaining insurance prior to distribution. You are responsible thereafter. Depending on the circumstances, an insurance company may be willing to issue insurance (paid for by you) before probate.
Answered on Dec 23rd, 2020 at 5:16 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.