If you're renting out a property, your regular homeowner's insurance may not provide adequate coverage. Here's how rental dwelling insurance differs and why it matters.
Key Differences
- Occupancy — Homeowner's insurance covers owner-occupied homes; rental dwelling covers tenant-occupied properties
- Liability focus — Rental policies focus on landlord-specific liability risks
- Loss of income — Rental dwelling insurance can cover lost rental income during repairs
- Personal property — Covers landlord-owned items only; tenant belongings are not covered
Why You Need Both (If Applicable)
If you live in one property and rent out another, you'll need separate policies for each. Don't assume your homeowner's policy extends to rental activities.
BlackArrow Insurance can help you determine the right coverage for each property you own.
