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Updated almost 3 years ago,
Insurance rental versus second home
Hello,
I purchased a property as a second home and now because and I had the opportunity to rent it for one year a month ago. I was talking to my insurance agent and she mentioned that the insurance is for second home does not cover for rental and he should write the policy again. In case I have a claim the insurance may not pay since the policy was not written as a rental. She was also saying this may trigger a problem with the mortgage company since the loan was for second home and not investment property. Anybody can comment advice on this assuming this is not a rare problem.
Ty
Martin