Know-how
Rental Property Insurance: A Quick Overview
Dec 27, 2023
The Insurance Information Institute suggests looking into whether or not your current homeowner's insurance would cover short-term rentals if you intend on renting out your property for a single event (like a major sporting event in your area) (III). If you rent out your property on occasion, it's a good idea to purchase renter's insurance in case something unfortunate happens, like a fire or a break-in. However, if you do not plan on occupying the property, you may be unable to obtain homeowners insurance
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