I’m Renting Out My Home…Now What?

Landlords Insurance MADo you own a home in a great location or by the water for the summer? You may be considering renting it out for the summer as a great way to make some extra cash. Whether you are renting it out for a week or a month, it’s a good idea to call your insurance agent and make sure you and your home have the coverage you need. Your basic homeowners insurance will not cover a renter after a certain period of time, which varies by state. As the owner of property being rented, it’s a good idea to protect yourself and your property with Dwelling Fire Insurance (also known as Landlord’s Insurance).  Having this policy will offer your building structure coverage while others occupy your home. It can also help you reclaim rental income in the event that your tenants are left without someplace to live due to a fire.

In addition, you may want to talk with the tenants about possibly getting Renters Insurance to cover their
belongings. For more information on coverage for renters, read our blog with great advice for those renting a home this summer. Chances are you will have enough to worry and stress about while renting out your home, make your coverage one less thing you have to worry about by giving our agents a call at 888.865.1244 and getting the Landlord’s Insurance you need!

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Landlords Insurance MADo you own a home in a great location or by the water for the summer? You may be considering renting it out for the summer as a great way to make some extra cash. Whether you are renting it out for a week or a month, it’s a good idea to call your insurance agent and make sure you and your home have the coverage you need. Your basic homeowners insurance will not cover a renter after a certain period of time, which varies by state. As the owner of property being rented, it’s a good idea to protect yourself and your property with Dwelling Fire Insurance (also known as Landlord’s Insurance).  Having this policy will offer your building structure coverage while others occupy your home. It can also help you reclaim rental income in the event that your tenants are left without someplace to live due to a fire.

In addition, you may want to talk with the tenants about possibly getting Renters Insurance to cover their
belongings. For more information on coverage for renters, read our blog with great advice for those renting a home this summer. Chances are you will have enough to worry and stress about while renting out your home, make your coverage one less thing you have to worry about by giving our agents a call at 888.865.1244 and getting the Landlord’s Insurance you need!

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