Final answer:
A policyowner can generally assign their dwelling insurance policy to another party with the insurer's consent, who will assess the new policyholder's risk before agreeing to the transfer.
Step-by-step explanation:
Generally, a policyowner is permitted to assign their dwelling insurance policy to another party, but this needs the consent of the insurer as the risk profile of the new owner might be different from the original policyholder. Before an assignment is made, the insurer will evaluate the new policyholder's risk and decide if the policy can be assigned without changes, with modifications, or not at all. This kind of assignment may typically occur during the sale of a property, where the existing insurance may be transferred to the new owner if agreed upon by all parties involved.