Do both owners need homeowners insurance?
The short answer is yes. Both owners of a house need homeowners insurance. That does not mean that you need two policies. On the contrary, there should only be one homeowners policy on a home because one cannot collect twice for the same loss. That would be illegal, not to mention unconscionable. So a better way to answer the question would be: Both owners of a house should be listed on the homeowners policy. Both owners of a house have an insurable interest they share (eg the house) and so, for many reasons, both deeded owners’ names need to be reflected on that homeowners insurance policy, not the least of which is in case one dies; otherwise the surviving, unnamed owner would have trouble collecting. The named insured also has certain rights and duties under the policy (read your policy for more details about this). And lastly, for liability insurance coverage you want both owners to be named on the policy because it gives you legal protection, both on the property as a property own
