Protect assets with a Trust Endorsement

Approximately 20 percent of Americans have a revocable living trust. Estate planners recommend this type of trust for people with significant assets and heirs to make it easier to transfer those assets to others upon their death.

Phenix Mutual offers a Trust Endorsement that modifies the definition of an “insured” to include the Trust and Trustees. Under this endorsement, coverage is limited to “bodily injury” or “property damage” arising out of the ownership, maintenance or use of the insured property. Including this endorsement will provide a more clear and concise way of insuring trusts without any expansion of coverage.

The Trust Endorsement can apply to single-, two-, three- or four-family dwellings or condominium units when legal title to the dwelling or unit is the grantor/settlor of the trust. Contact your underwriter for more information.