MT HB464

Real property insurance coverage continues automatically when property transfers via a transfer on death deed upon the owner's death, treating the designated beneficiary as if they were the named insured

Temporary insurance coverage for beneficiaries terminates at the earliest of: 45 days after the owner's death, the policy expiration date, or when the beneficiary obtains a replacement policy

Beneficiaries who disclaim interest in the real property do not receive the extended insurance coverage

Coverage for household members and others already considered insureds under the policy remains unaffected by the owner's death

Effective immediately upon passage and approval