4 Responses to “Whats the difference between home insurance and rental insurance?”

1. sue says:

   February 4, 2010 at 2:05 pm

   You need to change or they will not pay if you have a claim. Holes are not covered, neither is most tenant damage. But, you still need fire damage, weather, etc etc.

   Also, if you are going to allow animals check your policy, they are not likely to cover your property if you allow any dangerous animals.

   Try this site

   Here you can get quotes from different home insurance companies in your area, its the best way to find an affordable home insurance with a reliable company.
2. North.Shore.MA.RE.Agent says:

   February 4, 2010 at 9:43 pm

   Call your insurance company and tell them your situation. You will be able to get “Landlords Insurance”. You can usually save money if you have all your insurance (car, home, rental) through one company.
3. Mark says:

   February 7, 2010 at 1:33 pm

   Hello Jayna,

   There are a few major differences between home owner’s insurance and landlord insurance. Landlord insurance will offer you a wider range of protection including landlord liability cover (against lawsuits by your tenants) and landlord contents cover (in case your tenants damage your furniture or appliances.)

   You can find more information and details on home insurance for landlord from this guide:

   Best wishes and I hope that helps.
4. tiki523 says:

   February 10, 2010 at 11:19 pm

   Although each state has different rules concerning insurance. In my state it is usually cheaper to list it as a rental owner’s policy versus a homeower’s. A rental owner’s policy would decrease the amount of coverage for personal property so you have just enough coverage for you appliances and a standard homeowner’s policy provides coverage for loss of use and that limit is changed to fair rental value in a rental owner’s policy. Also, you want to make sure your renter carries his own renter policy to cover his personal liability on your residence.