What is a cover of interest?

What kind of insurance policy can you get to cover your one eight interest in a home you do not live in?

  • Answer:

    The type of Insurance Policy you need is dependent on the use of the property. Whether it is residential or commercial all the joint owners should be listed on the insurance Policy as holders of interest in the property. This is the proper way and the most cost effective way to cover each of the joint owners shared interests in the property on one policy. The type of policy will usually be a "Dwelling Policy".

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