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Updated about 10 years ago, 10/22/2014
Homeowners Ins.
Hi BP, I have a question is about Insurance. I'm currently in the process of renting out my primary home and I'm under contract on a new OO. I don't want to spook my lender, so do I leave my current policy in place or do I get a landlord policy? If I do leave it the same in doing so will the policy even be effective being that there will be renters in the house and not the owner? And for my new OO policy should I go with the same company as the rental or not? I do plan on acquiring more property in the future but I will buy as an Investment and not an OO. ANY ADVICE HELPS THANKS!