My mom and I have a condo that we purchased for her in 2014.
She had her own insurance coverage on the property.
She died last November.
I'm trying to move the coverage for the property to my insurance.
I'm pretty sure if I have it consolidated with my home, my cars, and the rental property I'm about to add to my policy I'll come out less expensive than having it separate.
My agent is telling me I need to have the title to the condo changed to only my name. I thought since the condo is joint title and mom is no longer here title just defaults to me (I'm also executor of her estate).
I do know if I do change title it will impact the property taxes - ugh.
Anyone know for sure if I HAVE to do this or is it worth either:
-arguing with the agent to leave the title alone
or
-just continuing to pay for the policy on the property by itself
??
TY for any insight
She had her own insurance coverage on the property.
She died last November.
I'm trying to move the coverage for the property to my insurance.
I'm pretty sure if I have it consolidated with my home, my cars, and the rental property I'm about to add to my policy I'll come out less expensive than having it separate.
My agent is telling me I need to have the title to the condo changed to only my name. I thought since the condo is joint title and mom is no longer here title just defaults to me (I'm also executor of her estate).
I do know if I do change title it will impact the property taxes - ugh.
Anyone know for sure if I HAVE to do this or is it worth either:
-arguing with the agent to leave the title alone
or
-just continuing to pay for the policy on the property by itself
??
TY for any insight