Trusts are an effective tool for estate planning, tax strategy, and maintaining privacy. When you place property into a trust, the ownership is transferred to that trust. But here’s the critical part, your trust must also be protected by your insurance coverage. Making sure both you and your trust are properly listed on your insurance policy helps ensure seamless protection in the event of a claim.   How To Add Your Trust to Your Insurance Policy Provide Your Trust Information Send your insurance agent the complete, legal name of your trust. Update Your Policy Your agent will work with your insurance carrier to add your trust as either an additional insured or a named insured depending on your goals and the carrier’s guidelines. Receive Confirmation You’ll receive written confirmation from your insurance company once the trust has been added. Keep this documentation with your trust documents or other important records. Update Your Umbrella Policy If you have an umbrella policy, make sure the trust is added there as well to ensure consistent protection. Adding your trust correctly protects both you and the trust from liability and property insurance claims. However, if your intent is to keep your trust and personal…

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