Our in laws gifted my wife with their paid off home which they still live in, who can get howmeowners insurance?

Free Insurance Comparison

 Secured with SHA-256 Encryption

My wife’s very elderly parents owned their own home in California. They gave it to my wife. but still live in the home. The homeowner’s insurance is under my wife’s parents name. Can we leave the insurance in their name or do we need to insure it under our name? We live in Colorado.”

Asked February 13, 2018

1 Answer


The homeowners insurance policy needs to be in the name of the party on the title to the home. If damage should happen to the home in California or someone would get hurt on the property and the owner of the home does not have a homeowners insurance policy, the owner will more than likely be liable for the entire cost of the damage. There are several different ways you can get homeowners insurance on the home in California. The first is by contacting insurance companies and getting quotes. You can compare rates and find the best bargain for yourselves. The next is to see if the current homeowner insurance policy in the previous owners name can be transferred over. If it cannot, perhaps a new policy can be started.

As for the elderly couple still living in the home, they can contact their current homeowners insurance company and request their policy be switched to renters insurance. This would protect their possessions in the best way possible, since they technically do not own the home.

Answered February 15, 2018 by Insurity

Related Links

Free Insurance Comparison

Compare quotes from the top insurance companies and save!

 Secured with SHA-256 Encryption