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Previous Owner's Insurance and my insurance

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piper

Junior Member
What is the name of your state? Texas

I bought a home and immidiately bought my home owner insurance.
So i have my home insured.

I found out the previous owner i bought the house from still have insurance paid until 2006.

Will there be any problem with my insurance or my property? having 2 company insuring it under different name?

The property has been transfered to my name.

Thanks in advanced.
 


JETX

Senior Member
piper said:
Will there be any problem with my insurance or my property?
Nope. You only have ONE policy.... the one you paid for. The other policy is 'owned' by the previous owner and has nothing to do with you. However, it might be a good gesture on your part to contact the previous owner or their agent and let them know of the policy existence. It was clealry an oversight on someone's part as the policy should have been cancelled at closing with any unused premium refunded to the previous owner.
 

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