Most homeowners policies only cover owner-occupied property. If you occasionally rent a property that’s not your primary residence (like your vacation home), say for a couple weeks a year, you may be covered. But if you collect rent that’s seasonal or year-round, you have an investment property and your insurance coverage needs to reflect that status.
ICNE can help you determine the type of coverage you need and the amount that’s appropriate to properly protect your investment property and your liability. Whether you’re a landlord by intent or by accident, talk with ICNE.
- Personal liability if sued
- Loss of rent
- Replacement cost of dwelling