donduckgirl_70
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if you have a loan on the property you have to keep insurance on it anyway. i would switch to rental property insurance. it is a little cheaper and your investment will be covered if something should happen in your absence. |
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Mommy to Lauryn and Sydney
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YES, make sure you do get dwelling insurance (it covers just the house and property nothing inside)!! Your renters burn the place down on accident your screwed.. |
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car253
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You no longer live there. You need to switch it to a Rental Dwelling Policy. Not because it is cheaper. But because it provides other coverages, like loss of rents, that you do not get under a homeowners policy.
Take the Rental Dwelling policy. It provides what you need. And, will you have any personal property left at the home? Like sofa's refrigerators, stoves, ect. The agent will need to know how much personal property you will have there or an approx. amount.
And, then you may need other insurance to cover your property in your new state.
Ask your agent.
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Doctor Deth
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you will have to tell the insurance company it's a rental or if you have a claim and they find out you lied, they can refuse to pay - the tenant should get renters insurance for their personal possessions (less than $200 per yr usually) |
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C
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You definitely want to switch your policy over to a "Landlord Package", since its no longer going to be owner occupied.
Landlord policies are generally a little more in price, since the liability risk is a little higher by having a tenant there.
In case youd want to file a claim in the future, your policy needs to be written the correct way, or they will deny your claim.
The process of rewriting the policy is very easy. Just contact your agent, and hell switch over the policy. |
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bud68
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If you will no longer reside in the house, you MUST switch from homeowner to "landlord" insurance. |
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mbrcatz
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You need to switch to a 'dwelling fire" policy, if the home is more than 50% occupied, and not at all occupied by you.
Discuss this with your agent.
Which one is better? The one that pays out, if your house burns down. It does no good to get the cheapest policy, if the house isn't covered properly, for being non-owner occupied, because they'll deny the claims. |
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Nikki
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From one home owner to another get home owners insurance. It takes care of the whole house. |
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