Can I insure my parents’ home in my name?

In most cases, you cannot insure your parents' home in your name unless you have a legal interest in the property. Generally, to obtain homeowner's insurance for a property, you must either be the owner of the property or have an insurable interest in the property. If you are not the owner of the property and do not have an insurable interest, the insurance company may deny your application for homeowner's insurance or may invalidate the policy if a claim is filed. Insurable interest means that you would suffer a financial loss if the property is damaged or destroyed. Therefore, if you are not the owner of the property or do not have a financial interest in it, it is unlikely that you would be able to obtain homeowner's insurance in your name for your parents' home. However, it is possible to add your name to your parents' homeowner's insurance policy as an additional insured or as a co-insured. Adding your name as an additional insured or co-insured may provide you with some level of protection in the event of a claim. However, the level of protection and coverage may be limited, and you should carefully review the policy and speak with the insurance company to understand your rights and obligations under the policy. Ultimately, the best course of action would be to have your parents obtain homeowner's insurance in their name. Homeowner's insurance policies typically cover damage to the property and its contents, as well as liability for injuries to others on the property. Having your parents obtain their own homeowner's insurance policy would ensure that they have the coverage they need to protect their investment, and you would not have to worry about potential coverage gaps or limitations.