Tenants in Common - Home Insurance

MeOnMonSavExp

My wife and I are tenants in common, each owning 50% of our home. Do we need special home insurance for this? Individual policies for our share? Some annotation on a single policy to record the fact that the insurers are aware of the ownership status?

Currently, my wife is the proposer on the policy, and I am the joint insured.

I did ask the policy providers this question and they seemed OK with the situation. But I'm not sure the person I was speaking to fully understood the meaning of tenants in common. Anyone more knowledgeable out there?

System

I think, but I'm not an expert, that all the insurer is concerned about is that both parties have an insurable interest, which with husband and wife is assumed to be normally the case.

When my father died half the house was left in trust, for my mother and secondary beneficiaries. I asked the insurance company and they said that was fine - they simply needed confirmation of the XYZ trust's interest in the house.