Community Property

Published: | Updated: December 16, 2017

Definition - What does Community Property mean?

Community property is property that is jointly owned by a legally married couple. It is not considered the exclusive property of either party in the marriage; rather, ownership is split between them.

Insuranceopedia explains Community Property

Community property often includes a home or a vehicle. Insurance coverage for community property, then, can often be quite substantial and required to protect the owners from major losses. While the property is jointly owned, the insurance policy that covers the community property may be purchased and held by a single person.


How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

Share this:

Connect with us

Email Newsletter

Join thousands receiving the latest content and insights on the insurance industry.