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<p class="MsoNormal"><span style="color:#1F497D">When the ALTA forms committee prepared that policy form, it chose to limit it to natural persons for a lot of claim-reduction reasons.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">We don’t want to provide that expanded coverage for persons who are using corporations for investments, builders, and similar.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Though not commonly known even by title company employees, most title companies are willing to issue the ALTA Homeowner’s Policy insuring a Trustee of a trust where that was created for an individual or family.
It would be OK that the Trustee is a corporate entity. Estate planning, trusts to keep a famous person off the public records, and similar are fine. There is a special endorsement that should be without charge that will change a couple terms to make it work.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Call me and I’ll be happy to explain more. Maybe even able to help with your particular order.<o:p></o:p></span></p>
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<p class="MsoNormal"><span style="font-family:"Verdana",sans-serif;color:navy"><o:p> </o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#44546A">Dwight A. Bickel<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:gray">Regional Counsel<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:gray">Fidelity National Title Group<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:gray">701 - 5th Avenue, Suite 2700<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:gray">Seattle, WA 98104<br>
Phone: (206) 370-3189</span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:navy"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:gray">E-mail:
</span><span style="color:#1F497D"><a href="mailto:Dwight.Bickel@fntg.com"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:gray">Dwight.Bickel@fntg.com</span></a></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:gray"><o:p></o:p></span></p>
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<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b>From:</b> wsbarp-bounces@lists.wsbarppt.com [mailto:wsbarp-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Mark Vohr<br>
<b>Sent:</b> Thursday, May 11, 2017 10:25 AM<br>
<b>To:</b> wsbarp@lists.wsbarppt.com<br>
<b>Subject:</b> [WSBARP] Insurance on Property In Trust<o:p></o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Question: We are trying to determine how to best obtain homeowners insurance for property in a trust. We are being told the policy has to be issued in the name of a person. The problem
is that if there is a claim, the named person gets the payout – who is not the owner, which I can see as creating a problem for the trustee.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif">Any input would be greatly appreciated.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Times New Roman",serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Baskerville Old Face",serif">Mark<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Bradley Hand ITC""><o:p> </o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-family:"Bradley Hand ITC""><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bradley Hand ITC"">Ohana Fiduciary Corp.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Bradley Hand ITC"">Ohana Financial Services<o:p></o:p></span></p>
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<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Bradley Hand ITC"">Mark C. Vohr, J.D., CPG, Principal<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Bradley Hand ITC"">PO Box 33710 Seattle, WA 98133<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Bradley Hand ITC"">T: (206) 782-1189 F: (206) 782-1434<o:p></o:p></span></p>
<p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;font-family:"Calisto MT",serif"><a href="mailto:mcv@ohanafc.com"><span style="font-family:"Calibri",sans-serif">mcv@ohanafc.com</span></a></span><span style="font-size:12.0pt">
</span><span style="font-size:12.0pt;font-family:"Calisto MT",serif"><a href="http://www.ohanafc.com/"><span style="font-family:"Calibri",sans-serif">www.ohanafc.com</span></a><o:p></o:p></span></p>
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