Do you need homeowners insurance and landlord insurance?

Question

Hi,

I'm in California and my insurance company is trying to sell me landlords insurance. I already have homeowners insurance for my rental, but does anyone have or see a need for landlord insurance as well?

Chris

Bjorn Ahlblad · Answer

You need homeowner's insurance for your primary and LL insurance for each rental. Your tenants need renter's insurance with you as an additional interest. Homeowner's insurance for your rental is irrelevant and a waste.

Nathan Gesner · Answer

You will need one insurance policy as a landlord. It's different coverage because you are not occupying the home so it doesn't need to cover your personal belongings. It does include additional liability insurance because there's a greater risk of problems with a tenant.

I recommend you shop around with two or three different insurance providers to compare rates and coverage.

Lawrence Briggs · Answer

@CameronMoore

Jason Bott · Answer

@Chris Negoro you don't have an option. If you no longer live in that property, the proper coverage for it is a Landlord or Rental Dwelling policy. If you keep your homeowners policy on it, you risk having your claims denied.

Do you need homeowners insurance and landlord insurance?

Do you need homeowners insurance and landlord insurance?

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