Leave a Message

Thank you for your message. We will be in touch with you shortly.

Insurance and the Multigenerational Household

August 26, 2023

Home Maintenance and Tips

Insurance and the Multigenerational Household

American households today are poles apart from those in recent years, as living arrangements continue shifting to accommodate adult children, aging parents, and the generation between them. This change, according to the National Association of Insurance Commissioners (NAIC), can impact your insurance needs.

"Longer life spans, decisions to marry later and the tight job market have forced many middle-aged adults to share their homes with family members across generations," explains John M. Huff, president of the NAIC. "When there is an increased headcount under your roof, there are likely new insurance implications."

Huff and the NAIC point to an "empty nest reversal" trend, in which baby boomers (and some in Generation X) have become responsible for housing an adult child and an aging parent - an arrangement that may require changes to insurance coverage.

In the case of adult children ("boomerang kids"), communicating expectations is essential, especially because housing an adult child can be costly. Some questions to consider, according to the NAIC:

  • Will the adult child be solely responsible for health insurance?
  • Will the adult child's driving record result in a higher automotive insurance premium? Will the adult child be responsible for the additional cost?
  • Will the adult child's big-ticket items (e.g., electronics) result in a higher homeowners insurance premium? Will the adult child be responsible for the additional cost?


Moving in aging parents also requires consideration. According to the NAIC, questions to ask include:

  • Is the aging parent covered by Medicare?
  • Is the aging parent current on insurance premium payments (including those for life insurance, if applicable)?
  • Is the aging parent in need of long-term care insurance?


These questions, though at times unsettling, can help you as a homeowner in a multigenerational arrangement obtain insurance coverage that aligns with the needs of your household. If you anticipate moving in an adult child or aging parent in the future, keep these questions in mind as you prepare for the change.

Explore Our Other Blogs

Stay Updated On Our Most Recent Blog Posts

How Much Money Do You Need to Buy a House in San Jose? Breaking Down the True Costs

Buyer's Real Estate Tips

How Much Money Do You Need to Buy a House in San Jose? Breaking Down the True Costs

Brian Ng  |  July 11, 2025

How Much Money Do You Need to Buy a House in San Jose? Breaking Down the True Costs
Beyond the Summer Rush Plan Your Late 2025Early 2026 San Jose Real Estate Strategy with a Realtor You Trust

Real Estate

Beyond the Summer Rush: Plan Your Late 2025/Early 2026 San Jose Real Estate Strategy with a Realtor You Trust

Brian Ng  |  July 11, 2025

Beyond the Summer Rush: Plan Your Late 2025/Early 2026 San Jose Real Estate Strategy with a Realtor You Trust
Interest Rate Realities (June 2025) What San Jose, Evergreen & Silver Creek Buyers & Investors Need to Know from a Trusted Advisor

Real Estate

Interest Rate Realities What San Jose, Evergreen & Silver Creek Buyers & Investors Need to Know from a Trusted Advisor

Thao Dang Pham  |  July 10, 2025

Interest Rate Realities What San Jose, Evergreen & Silver Creek Buyers & Investors Need to Know from a Trusted Advisor
Are Home Prices Dropping in San Jose? A Neighborhood-by-Neighborhood Breakdown

Real Estate

Are Home Prices Dropping in San Jose? A Neighborhood-by-Neighborhood Breakdown

Thao Dang Pham  |  July 10, 2025

Are Home Prices Dropping in San Jose? A Neighborhood-by-Neighborhood Breakdown
Is It Cheap to Live in San Jose? Unpacking Real Costs vs. Value

Real Estate

Is It Cheap to Live in San Jose? Unpacking Real Costs vs. Value

Brian Ng  |  July 9, 2025

Is It Cheap to Live in San Jose? Unpacking Real Costs vs. Value
Navigating San Jose’s Mid-2025 Real Estate A Trusted Realtor’s Guide for the Unsure in Evergreen & Silver Creek

Real Estate

Navigating San Jose’s Mid-2025 Real Estate A Trusted Realtor’s Guide for the Unsure in Evergreen & Silver Creek

Brian Ng  |  July 9, 2025

Navigating San Jose’s Mid-2025 Real Estate A Trusted Realtor’s Guide for the Unsure in Evergreen & Silver Creek

Let's Talk

You’ve got questions and we can’t wait to answer them.

FOLLOW US ON INSTAGRAM