Does Home Insurance Cover When You Rent Out The House And The Tenant Causes A House Fire?

7 Comments

1. Katie W
   Posted July 29, 2009 at 2:36 pm | Permalink

   Homeowners policies vary; you’ll want to read the fine print on yours to see if it does or doesn’t cover such circumstances.

2. JerZey
   Posted July 29, 2009 at 5:59 pm | Permalink

   You would have to consult with your agent on that… If it’s a basic policy, probably not.
   Renter’s insurance covers the renters things, not yours, as far as I know.
   Ask your agent… they would know better and be better aquainted with the laws where you live.

3. Anonymous
   Posted July 30, 2009 at 12:36 am | Permalink

   I believe you have to list the property as an investment w/ the insurance co. which will increase your premium due to the higher risk, but the 1st response is a good 1….
   Read the fine print…or do what I do and tell them to find what you want to see in the paperwork and let them find it for you.
   I like to delegate tedious tasks

4. john t
   Posted July 30, 2009 at 7:02 am | Permalink

   YES IT IS COVERED UNDER YOU HOME OWNERS POLICY, CHECK WITH YOUR AGENT FOR THE LIMITATIONS.
   IT WILL COVER THE RENTERS PERSONAL PROPERTY WHICH I REQUEST THAT THEY CARRY WHEN THEY RENT FROM YOU.

5. to help
   Posted July 30, 2009 at 12:52 pm | Permalink

   home, swishhome, http://www.01dong.com

6. Tatnic
   Posted July 30, 2009 at 7:24 pm | Permalink

   you need to get a special policy from the insurance company, and you should also tell your bank if you still have a mortgage, that you are renting the place. YOur homeonwer’s will not cover the damage.

7. fishlake
   Posted July 30, 2009 at 10:24 pm | Permalink

   John is wrong.
   “Homeowners insurance” covers the owners dwelling [house/garage] and contents [owners personal property on the premises]. “Owner” [landlord if he is the owner] takes out this policy and is responsible for the premiums. If building is leased or rented out, it does NOT cover tenants personal property, such as furniture, electronics, etc, or even tools borrowed from a neighbor.
   “Renters insurance” covers the tenants personal property only. They take out this policy and pay the premiums.
   Home owners policies cover every circumstance EXCEPT what is listed in writing, or “exemptions”. These are normally: floods [obtain this through FEMA], home businesses losses [such as a fire in a residential garage being used as auto repair business], or anything else that is listed in writing. If your house up in Alaska gets stampeded by purple elephants, and it is NOT listed as an exclusion, it WILL be covered.