Insuring a Rental Property

[Rogelio Lopez]

How's it going everyone?!? I'm a full time math teacher, part time everything else but recently really have the desire to focus on rental properties for a possible career change. Middle school math is fun and you really can't beat the time off us teachers have, but you can really only take so much for so long. Anyway, my question is with insuring my 2 rental properties.

Both are single family homes that my family and I use to live in so they are both covered with homeowners insurance. My question is, does a rental property need to carry a different type of insurance since I am no longer living in it or will the old homeowners cover it still despite it being inhabited by tenants?

Any and all help is appreciated and thanks in advance!!