Updated: June 22, 2025
Advertising & Editorial Disclosure
The primary homeowner must be listed as the named policyholder to ensure the policy is valid and enforceable.
Mortgage lenders aren’t covered by your policy but should be listed as additional interests to receive updates about cancellations or lapses.
Failing to list a co-owner or financial stakeholder could lead to claim denials or disputes during a loss or liability event.
The primary policyholder — usually the homeowner — must be listed to ensure the policy is valid. Others with a financial interest in the property or who live in the home, such as co-owners or family members, may also need to be included. Listing all relevant parties helps avoid coverage gaps and ensures everyone is protected. Below are the types of individuals commonly listed on a homeowners policy:
The primary owner of the home must be listed on the insurance policy. This ensures that the person with the most significant financial interest in the property is covered.
If you own the home with someone else, such as a spouse or partner, they should also be listed. This provides coverage for all parties with a financial stake in the property.
Any family residing in the home may need to be included on the policy. This may be adult children or elderly parents who live with you.
Anyone with a financial interest in the property, such as a co-signer on the mortgage, should be listed. This ensures that all parties with a financial stake are adequately covered.
Yes, homeowners insurance must be in the name of the property owner to be valid. Insurers require the policyholder to have an insurable interest, meaning they'd face financial loss if the home were damaged.
In joint ownership situations, all owners should be listed for full coverage. Having the policy in the correct name also satisfies lender requirements and protects the property properly.
Shopping for homeowners insurance or working with a mortgage lender means you'll encounter "additional insured" and "additional interest." Though they sound similar, they serve very different roles in your policy.
Understanding the distinction helps you make sure the right people are covered and that those with a financial stake in your home are properly notified of changes.
An additional insured is someone who receives coverage under your homeowners policy but isn't the primary policyholder. This could include a co-owner, spouse, family member living in the home or, in some cases, a tenant.
By being listed as an additional insured, they're protected under the same terms as the main policyholder if the home is damaged or liability issues arise.
Additional insureds typically don't have authority over the policy itself. They can't make changes, file claims or cancel the policy since those rights remain with the named policyholder.
An additional interest is someone who has a financial interest in the property but isn't covered by the insurance policy. This is most commonly a mortgage lender or loan servicer.
Though they don't receive coverage, they're listed on the policy so they'll be notified of important changes like a policy lapse, cancellation or renewal. This protects their financial investment in the home.
If your policy is ever at risk, your lender will be alerted, giving them time to take action, such as requiring you to reinstate coverage or placing their own force-placed insurance.
Homeowners insurance isn't required by law, but it's often necessary to protect your property and finances. If you have a mortgage, your lender will almost always require it.
Even if you own your home outright, insurance can safeguard you from major losses caused by fires, storms, theft or other unexpected events. Here's why it's worth having homeowners insurance:
Dwelling coverage helps pay to repair or rebuild your home after a covered peril like fire or severe weather.
Personal property coverage protects items like furniture, clothing and electronics if they’re damaged or stolen.
Liability coverage helps cover legal and medical costs if someone is injured on your property and holds you responsible.
Loss of use coverage reimburses you for hotel stays or rentals if your home becomes uninhabitable due to a covered event.
Most mortgage lenders require homeowners insurance to protect their financial interest in your property.
In this article, we explained that anyone with a financial interest in your home (including the primary homeowner, co-owners and resident family members) should be listed on your homeowners insurance policy. This covers everyone properly and avoids costly gaps in protection.
To stay fully insured, review your policy regularly and make sure all relevant people are accurately included.
Many homeowners have questions about who should be named on their policy and how different roles (like co-owners, lenders or family members) affect coverage. Here are clear answers to some of the most common questions.
Both spouses should be listed on homeowners insurance if they both have a financial interest in the property to guarantee full coverage. This helps avoid issues with claims or ownership disputes.
Adult children who live in the home permanently and contribute to ownership or expenses should be listed to make sure their belongings and liability are covered.
Only people with a financial interest in the property should be listed as named insureds. Others may be added as additional insureds or not listed at all, depending on their role.
A co-owner who isn't listed may not be covered in the event of a loss, even if they partially own the home. This can create serious issues during claims.
Mortgage lenders aren't "covered" but must be listed as an additional interest so they're notified of changes, cancellations or lapses in coverage.
You should review your policy at least annually or anytime there's a major change in ownership, living situation or mortgage lender to make sure your coverage stays accurate.
MoneyGeek analyzed homeowners insurance policy guidelines and common industry practices to explain who should be listed on a policy. We reviewed standard insurance contract language and consulted expert insights on coverage responsibilities, ownership roles and lender requirements.
Our findings are supported by data from Quadrant Information Services and a sample homeowner profile featuring good credit, a wood-frame home built in 2000, and typical coverage limits, including $250,000 in dwelling protection and a $1,000 deductible. This helped us evaluate how insurers typically handle policyholder listings and related designations like additional insureds and interests.
About Mark Fitzpatrick
Mark Fitzpatrick, a Licensed Property and Casualty Insurance Producer, is MoneyGeek's resident Personal Finance Expert. With over five years of experience analyzing the insurance market, he conducts original research and creates tailored content for all types of buyers. His insights have been featured in publications like CNBC, NBC News and Mashable.
Fitzpatrick holds a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He's also a five-time Jeopardy champion!
Passionate about economics and insurance, he aims to promote transparency in financial topics and empower others to make confident money decisions.
