Which Insurance for This (Slightly) Complicated Situation?

[Ben Joseph]

Hi everyone, just joined after reading a great deal here. Hoping like many to become a real estate investor over time, but for the moment I had a question which I'm having a lot of trouble figuring out:

What would be the best / most appropriate insurance configuration in this situation:

- My wife is the title holder for a single family home

- She does not live at the home

- Her parents live at the home, rent free

- Her brother pays the mortgage on the home and he plans to rent out two rooms in the house to long term tenants (strangers)

- Her parents will continue to live in the rest of the home, rent free (this is fine, just putting it here in case it affects the insurance)

- My wife and I are able to visit the home at any time and do so regularly to see her parents

All I want to make sure is that we (my wife) are covered from all angles on insurance. Up to now and before renting it out, we had homeowners insurance + umbrella liability.

Am I correct that we now need landlord's insurance + umbrella liability?

Thank you for your help in advance - it's been surprisingly difficult to find this out..