Convert from Homeowners to Rental Property Insurance

[Vince Rosario]

Background: So I'm about to close on a duplex utilizing a loan from the Veterans Affairs for a primary residence. I'm going to identify a homeowners insurance company to my lender in the next day or two. When I begin making payments, as most of you know, it will include principal & interest, taxes and insurance. Question: If I plan to move out of my duplex, would I notify my insurance company to convert my coverage from homeowners to rental property insurance? If I convert, will my lender know? Am I in violation of the original lending terms (originally a loan for primary residence)? Thanks in advance!