Maryland  |  Insurance Law

Legal Question

Asked on: 9/28/09, 7:28 pm

My parents added my name to the deed of the house we live in so that when they pass, ownership will be directly transfered to me. I still live with them at the house. Does this qualify me as "owning my own home"? I'm trying to get a quote on insurance for a motorcycle and it makes quite a difference in the premiums.



1 Answer

Answered on: 10/04/09, 8:00 am by Denese Dominguez

If your name is on the deed of the house, you can state to your insurance carrier that you are a homeowner.

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