What type of insurance do I need for a rental property in Florida? Renters or homeowners?

Answer 1

Do you live in it, or rent it out? If you rent it out, you need "dwelling" coverage as opposed to "homeowners". But when you talk to an agent there, you're going to find out it's probably going to end up in the state fund anyway, because no one is writing new property policies in Florida.

Renters insurance, is also called "tenant homeowners", if YOU are the renter. It covers your stuff, and your liability, in your rental - whether it's a house, condo, or apartment.

Homeowners insurance is for owner occupied homes.

Dwelling insurance is for a house that you own, but rent out to others.

Condo insurance covers condos, and the same policy works if you're occupying the condo yourself, or renting it out to others. You just have to declare the occupancy when you get the policy.

Answer 2

2

Answer 3

Are you the owner of the property? If yes, then you need a homeowners policy. The policy should be written as non owner occupied rented to others.

If you are the renter, then you should purchase a renters policy.

Answer 4

You need a Landlord Protector policy on a rental property. You will want to require anyone who rents from you to carry renters insurance to protect your interests as the landlord and name you as the "additional insured" on the policy.

Answer 5

Renters insurance protects your personal property and not the real estate. If you own the real estate, then you need homeowners insurance which protects it all.

Answer 6

Neither. You'll need a Rental Dwelling Property Policy (assuming you own it and rent it out).

Be prepared for $30-70 per unit per month to cover it.

Call an agent or Broker in the area and them to quote up several options for your property.

Answer 7

With a not easy criminal expert, you're held in charge with the aid of fact the abode isn't grounded. that's an electric powered code violation that could have prevented injury on your tenant's sources. Are you specific your place isn't grounded? they frequently run a copper cord to the chilly water pipe to get an earth floor. yet, for the period of a typhoon, if an greater means line on a utility pole is available in touch with a decrease means line say on a utility pole, you're able to desire to get a extreme voltage surge and smash your kit. if so, that's an act of God that in spite of in case you abode replaced into grounded, it can be a mute factor. larger the voltage, the better the line is off the floor, and additionally larger up on the utility pole.

Answer 8

renters, if you're the tenant

and even that is expensive

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if you're the owner, please consult your agent. Homeowners maybe applies if it is a 1-4 family property, but commercial insurance is required for larger properties.

and if you're new to owning here, you'll be shocked at the costs.

Answer 9

Rent-To-Own Home : http://RentToOwnHome.uzaev.com/?KytW