On Apr 11, 10:15=A0am, darkon <darkon....@[EMAIL PROTECTED]
> wrote:
> Mary <mrfeath...@[EMAIL PROTECTED]
> wrote:
> > On Apr 10, 5:26=A0pm, Dover Beach <moon.blanc...@[EMAIL PROTECTED]
> wrote:
> >> Me: =A0I'd like to get a quote for some insurance for a house we
> >> own in California that we rent out. =A0We'll need earthquake
> >> insurance too.
>
> >> Rep: Are you the owner?
>
> >> Me: I'm the trustee. =A0The house is held by a trust.
>
> >> Rep: Is that like a living will?
>
> >> Me: Uh, no, not at all, actually.
>
> >> Rep: Please hold.
>
> >> Rep: Who owns the house?
>
> >> Me: =A0The trust owns the house.
>
> >> Rep: What's the name of the trust?
>
> >> Me: =A0The Elsbeth Beach Trust.
>
> >> Rep: =A0Who is that?
>
> >> Me: =A0My mom.
>
> >> Rep: Well, she's the owner, she would have to purchase the
> >> insurance.
>
> >> Me: =A0No, the name is irrelevant. =A0She's the beneficiary. =A0I'm
> >> the trustee.
>
> >> Rep: And she lives in the house.
>
> >> Me: =A0No, she lives near me in Colorado. =A0The house is in
> >> California.
> > =A0We
> >> rent it out.
>
> >> Rep: =A0Well, it's her house.
>
> >> Me: =A0No. =A0The house is not owned by a human being. =A0It's owned
> >> by a legal entity called a trust.
>
> >> Rep: Well, who takes care of it?
>
> >> Me: =A0The tenant calls my sister when she has problems.
>
> >> Rep: Your sister is in California?
>
> >> Me: =A0Yes.
>
> >> Rep: So is she the owner?
>
> >> Me: =A0Is there someone else I can talk to? =A0Can I talk to
> >> someone in underwriting?
>
> >> Rep: Underwriting is going to want to know who owns the house.
>
> >> Me: THE TRUST OWNS THE HOUSE.
>
> >> Rep: <dripping with suspicion> Explain to me how there can be a
> >> trust with a trustee AND a beneficiary.
>
> >> Me: Sweetheart, my job is not to explain legal trusts to you.
> >> =A0Can I talk to someone else?
>
> >> Rep: Is the house on a yearly lease?
>
> >> Me: =A0No. It's month-to-month.
>
> >> Rep: =A0Well, we wouldn't cover it then. =A0It has to be on a
> >> yearly lease
> > .
>
> >> Me: =A0All righty then. =A0Bye.
>
> > You're calling THAT customer service?
>
> Sure -- it's something like getting a cow serviced.
>
> (I am NOT calling Dover a cow.)-
Heh. Dover, do you feel screwed?
Mary
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