What Does Vesting Mean In Homeowners Insurance?
- 7647 POINTSview profileMark Bartlett CLCSBranch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance CarriersVesting is done at the title level of a property. You may have on title the vesting rights on the deed which may include each owners names and rights. For example, two individuals may have equal vesting rights. The lender will ask the insurance company, or agent in most cases to list the vesting exactly as the title is written. Homeowners insurance simply duplicates the name on the insurance company to match the title and to offer the protection that needs to be afforded to the owners.Answered on May 28, 2013flag this answer
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