Question

Does the name on my insurance policy need to match the name on my mortgage loan and deed?

When I purchased my home, I was married. After my divorce, I changed my name and did not change it on my mortgage loan or deed as I was advised I was not legally required to do so. Fast forward a couple of years later and I switched insurance companies, filling out the policy in my legal name. Everything on the policy documents match (loan number, servicer, etc.) but my last names are different. Is this a problem?

Jun 25, 2017 Elyria, OH

Answer
Neil Richardson

Jun 25, 2017

Generally speaking, that shouldn't be an issue for your homeowners insurance company. For the sake of avoiding any sort of confusion down the road, however, it may be beneficial to update your existing accounts with your mortgage provider. In the event of a claim payout there could be a delay because of a discrepancy with the last name on your policy not matching your bank documents. That being said, it's certainly not absolutely necessary since you should have legal documents proving your identity.

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