The Legal Entity Named Insureds section can be found on the Parties tab in the Portal.
If the property deed lists a legal entity as an owner, then that legal entity must be added as the Legal Entity Named Insured. Most commonly, this is a trust set up by the occupants for the specific purpose of holding title to the home. However, other legal entities (generally LLCs) are permitted, provided they meet the following criteria:
Regarding LLCs
- A policy may have a maximum of one (1) LLC as a Legal Entity Named Insured
- The owner of the LLC must be a person we are insuring and / or their spouse
- The LLC cannot be used for business purposes on a full-time, part-time, or occasional basis other than the rental of residential property (e.g., home-sharing)
- If on the deed and the above criteria are met, then the LLC should be listed as a Legal Entity Named Insured. If the LLC is not on the deed, the LLC cannot be named as a Legal Entity Named Insured.
Regarding Trusts
- The trust must exist solely for the purpose of owning personal property
- The trust cannot be used for a business purpose on a full-time, part-time, or occasional basis other than the rental of residential property (e.g., home-sharing)
- Note: A policy may have more than one (1) trust listed. The second trust can be listed as an Additional Insured. However, all trusts are required to meet the above requirements
- If on the deed and the above criteria are met, then the trust should be listed as a Legal Entity Named Insured. If the trust is not on the deed, the trust cannot be named a Legal Entity Named Insured
When designating a Legal Entity as a Named Insured, it is essential to ensure comprehensive protection for individuals associated with the entity or residing in the insured property. If the trustees of a trust or members of an LLC are also residents of the insured property, it is crucial to extend coverage to their personal property and for liability. The following table outlines the proper procedure for listing these individuals (trustees or LLC members) on the Parties tab.
| LLC Member or Trustee | |
| On the deed and a resident | Human Named Insured |
| On the deed and not a resident | Additional Insured |
| Not on the deed and a resident | Other Household Member |
| Not on the deed nor a resident | No coverage |
See this article to learn how to change the address for a Legal Entity Named Insured, and see this article to change the Policy Mailing Address to the Legal Entity Named Insured.
For further assistance, contact us via our webform or Live Chat.