What Kind Of Home Owners Or Fire Insurance Do I Buy If I Rent My House Out To A Tenant?
January 4th, 2010 - ByPosted in Home Insurance
the rental excludes 2 small rooms at one end of the house which i reserve for my own use.
is a regular home insurance policy good enough?
2 Responses to “What Kind Of Home Owners Or Fire Insurance Do I Buy If I Rent My House Out To A Tenant?”
January 4th, 2010 at 7:41 am
As long as those two rooms aren’t for you to live in, speak to your insurance agent and find out information regarding a Landlord policy. This will cover your dwelling and have the same liability protection as a homeowner’s policy for slip and fall, etc type lawsuits.
I don’t require tenant’s to have a tenant’s policy, but I have it clearly stated in my lease agreement that I strongly recommend they get one and I have them initial that clause so there is no “confusion” later. This clause clearly states that I am not responsible for any of the tenant or their guest’s items for any reason including natural disaster, acts of god, fire, water….you get the idea.
January 4th, 2010 at 10:39 am
Nope ! contact ur agent and get MORE and Better insurance to cover ur pants(contents).
Have tenant obtain renters insurance for duration of lease and make sure it is paid on.
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