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Updated almost 7 years ago on . Most recent reply
Do I need to do anything with insurance?
So my first rental will be the house I have owned for the last few years. When making it a rental, do I need to change anything with insurance? Prefer not to be sold on something else if not needed.
Sorry for such a basic beginners question. Just trying to do things the right way. Thanks
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You must inform them that it will no longer be owner occupied and will become a rental property. Entirely different insurance coverage required.
You also need to inform your bank if you have a mortgage, prepare to have utilities in tennats name etc..