Everything you need to know about real estate insurance
IF I BECOME A LANDLORD AND RENT OUT MY HOME TO TENANT CAN I USE A REGULAR HOMEOWNERS INSURANCE POLICY?
It depends, this is something you should ask your insurance agent about. A lot of homeowner’s policies, do not provide coverage if you rent your house to tenants. They expect you – the homeowner – to live in the house. It’s important to talk to your agent and make sure that you are properly covered as a landlord. In most cases you would need to get a landlord policy.
Answered by: Joel Kivelevitz – Account executive of large business