Standard home owner’s insurance policy assumes that the homeowner lives in the property. Landlords do not live in their rentals and therefore need a different type of policy – a Landlord Insurance Policy.
In fact, most landlords don’t realize that if they file an insurance claim on a rental, but the policy is NOT listed as a Landlord Policy, the insurer CAN deny the claim.
Did you get this? Alright I will say it again- the insurer can deny the claim. Ouch!
Call your agent today. It is a good time for a checkup.