Home Owners Insurance - For SFH Rental

[Charles Stubblebine]

Hello BP,

I just recently started renting the SFH I bought. Do I need to contact my Home Owners Insurance Company and have the policy updated for changed?

Charlie

[Kyle J.]

@Charles Stubblebine  You'll need to have your policy changed from a homeowners policy to a landlord policy, also sometimes called a dwelling fire policy. 

While you're at it, you might have your agent quote you for an umbrella policy too.  Usually for only a couple hundred bucks a year you can get a million dollars of extra liability coverage.  It's cheap insurance.