Posted on: March 22, 2018 by titan-goodrich
You absolutely have insurance issues to consider when renting out your home. As you might have guessed, rental property owners have unique insurance needs. A standard homeowners policy isn’t appropriate for rental property, because:
1) You don’t need to insure the contents of the house, unless you provide furnished accommodations;
2) You need to be more concerned about liability issues; and
3) You need to protect yourself against the loss of rental income. Your tenants may purchase renters insurance, but even if they do, it won’t provide any income coverage for you as the owner of the property.
Click on the Link to open the Monthly Insurance update.