- Jurisdiction
- Georgia
In covering my father's home after his death, are we supposed to apply for new coverage under the name of the estate, or the inheritor? We have letters of testamentary but the estate is not closed. My sister, the inheritor, lived in the home with my father before he passed and she continues to live there. She will vacate the property in March, when all extensions from Dad's reverse mortgage company will expire.
Should Dad's insurance policy have continued while his estate is open, with just the name changing? Or would we have had to purchase a new policy in any case?
When we notified Dad's agent that he had died, she cancelled the policy outright and began writing a new one for my sister. During the week that my sister met with her and signed papers and made a payment, the insurance company got a new computer system. The agent then called and said the computer had some sort of glitch, causing it to reject the application for reasons she did not understand. She spent hours with tech support without success, and eventually gave up and returned my sister's check, saying we'd have better luck elsewhere.
Now, my sister is having trouble finding coverage because the roof is over 20 years old. It hadn't affected Dad's continuing policy, so that's why I wonder if that policy could have continued while the estate is open.
The biggest complication is that the reverse mortgage company is in constant contact with the insurance company. They wrote her a threatening letter this week, saying that they know the current policy will expire next week. If there's no proof that new coverage will pick up immediately, they will foreclose. I don't think they would accept a policy that is limited due to an old roof.
I will appreciate any insight.
Should Dad's insurance policy have continued while his estate is open, with just the name changing? Or would we have had to purchase a new policy in any case?
When we notified Dad's agent that he had died, she cancelled the policy outright and began writing a new one for my sister. During the week that my sister met with her and signed papers and made a payment, the insurance company got a new computer system. The agent then called and said the computer had some sort of glitch, causing it to reject the application for reasons she did not understand. She spent hours with tech support without success, and eventually gave up and returned my sister's check, saying we'd have better luck elsewhere.
Now, my sister is having trouble finding coverage because the roof is over 20 years old. It hadn't affected Dad's continuing policy, so that's why I wonder if that policy could have continued while the estate is open.
The biggest complication is that the reverse mortgage company is in constant contact with the insurance company. They wrote her a threatening letter this week, saying that they know the current policy will expire next week. If there's no proof that new coverage will pick up immediately, they will foreclose. I don't think they would accept a policy that is limited due to an old roof.
I will appreciate any insight.