Quote:
Originally Posted by OkieSnuffBox
Don't forget to check with your insurance company as well.
If you're consistently renting the house out, a normal HO policy MAY not cover a lot of things. Depending on how much income you get, it may be considered a business and need a commercial policy which are dramatically more expensive.
I'm not sure one way or the other, policies vary by state and company, so it's best to call and speak with your agent and read the policy language for yourself. I was a claim rep for State Farm in a past life.
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I lived in a property for a while and then converted it to a rental. The policy WAS different, but it cost me nearly exactly the same in the two scenarios. Agreed though, this may differ based on area, insurance co., and region.