In February 2012, our employer-subsidized insurance goes full-on COBRA, which prices it out of our reach. We've looked into eInsurance.com to find a policy we can afford, using our house in NYS as our address; there are no available policies (affordable or otherwise) using that option.
We're temporarily having our mail forwarded to my mother's house in Florida. We found available high-deductible policies for this county that we could afford. (We don't intend to stay in Florida, however, so I don't know what kind of coverage we would have with those policies.)
What is your experience? Can we establish residency in any another state while owning a house? Someone will wisely suggest I go to The Source rather than relying on other RVers for advice, and I would be glad to know who The Source might be for this question.
We have a house in Oregon that's rented. We "domicile" in South Dakota as our residence, even though we don't go there that much. The rental property sometimes requires us to file an Oregon income tax return.
We too have found that South Dakota is an inexpensive state for insurance, both on our bodies and our vehicles. Depending on your age and general health, you'll have to make sure your insurance will be honored wherever you roam. We're Medicare folks, so it's accepted pretty much everywhere. Our prescription add-on is extremely affordable. We don't carry a Medicare supplement.
Short answer - you can own a house in one state and declare residency in another. Having the house rented turns it from your residence into an investment.
Check out the South Dakota mailing and residency services for more info. We use America's Mailbox in the Rapid City area, and it works very well for us.
Fulltiming since Apr 2007 in 2000 Rexhall Aerbus, towing 2012 Honda CRV. 47 of the lower 48 so far.
I agree w/ aslakson. You can own property just about anywhere and have residency somewhere else, but you need to establish and understand you lines properly.
First off you need to clearly understand the residency and domicile rules in NYS. Each state is different in how they establish this. e.g. if you spend more than a certain number of days in-state, then you're considered resident of that state. In some states your "true home" constitues domicile. You can see the NYS rules here: http://taxdood.com/2011/02/11/introduction-to-new-york-state-residency-rules/
Before you establish residence somewhere else you need to BREAK residence in NYS. This is important.
Then, if establishing residency in FL you need to change all your documents to there (permanent mailing address, car/RV registration, drivers licence, voting etc.). You will still owe taxes to NYS on any rental income you make in NYS, but you file as a non-resident.
Also second the idea of looking at SD. We found rates very reasonable there and it's easy to establish residency using any of the mail forwarders in the area (we use Alternative Resources, but there are many other good ones).
In think that you need to first understand the issue which is one of domicile versus residence. If you are actually living in that house and if you spend your time there and/or if it is where you do business and things of that nature, then it is also your domicile, which is where you must also buy insurance. If you rather move all of your business to Florida, Texas, or some other state, then that new state is your domicile, even though you still own a house back in New York.
If you plan to keep all of your business contacts in New York, if you expect to spend the majority of your time there and continue to register vehicles, vote, and buy other insurance policies there, then NY is your domicile as well as where you reside and you can't legally buy insurance in some other state.
Many people own homes in more than one state and that is completely legal and if they reside at times in all of them, then each one is a residence but only one can be your domicile and that is were you must also vote, buy insurance and other legal activities. For a fulltimer who never spends any longer period of time in the location where he happens to own a house, you can then move your domicile to pretty much any state that you choose, so long as you meet the requirements of the state that you choose as your new domicile and you must also not violate the laws of the states where you own property, but doing things such as voting, paying income taxes, or spending more than a legally prescribed length of time in those states.
Forwarding your mail does not constitute a change of domicile, but moving your legal address is part of it. But where you get mail does not make that your domicile, while moving all of your business activities does.
We have used Alternative Resources for six years. They are wonderful people
to work with and are very knowlegeable on all aspects of establishing residency
in SD. We were there this summer to renew our drivers licenses. All other
aspects of SD as our residency includes low insurance rates, especiallyfor
the car and motorhome. No state income tax or property taxes.