![Shannon Hall's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/866619/1694813812-avatar-shannonh39.jpg?twic=v1/output=image/cover=128x128&v=2)
Insurance for Rentals
Can anyone give me some guidance on insurance for rentals. Do you notify the ins co? Do you convert to a rental property? If the tenant is negligent does the insurance still pay out? thanks
![Tom Parris's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/585120/1621493170-avatar-tomp52.jpg?twic=v1/output=image/cover=128x128&v=2)
Hi @Shannon Hall,
Definitely call an insurance agent. The policy will change, but it's better to know you have your risk managed than not. Not to mention that insurance companies will find every which way to avoid paying a claim.
Also, require your tenants to hold renter's insurance. That's typically the first layer of protection before you'd be required to make a claim on your policy.
I bought an umbrella policy. It cost 200 per year for a million dollars coverage above and beyond your regular insurance.
![NMB logo](https://bpimg.biggerpockets.com/no_overlay/uploads/forum_ads/logo/914/1721081851-forum-ad-logo.jpg?twic=v1/output=image/contain=96x96)
![Matt Moylan's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/899249/1621505223-avatar-mattmoylan.jpg?twic=v1/output=image/cover=128x128&v=2)
@Shannon Hall I can help you with your questions and needs regarding insurance. It is what I do for a living :)
![Shari Poole's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/955603/1695172750-avatar-sharip2.jpg?twic=v1/output=image/cover=128x128&v=2)
Oh perfect thanks
![Hari Bansha Dulal's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2836080/1694552187-avatar-haribanshad.jpg?twic=v1/output=image/cover=128x128&v=2)
Quote from @Matt Moylan:Matt, what do you need for a quote? And, what insurance company do you work for?
@Shannon Hall I can help you with your questions and needs regarding insurance. It is what I do for a living :)