<p>SAN FRANCISCO — An important aspect of owning a rental property is having the right insurance policy in place. After initially owning a primary residence, many property owners move on to a second home and keep the first as a rental or investment property. A common mistake in this instance is neglecting to update the first home’s insurance policy in conjunction with the change.</p>
<p>When you own a home that’s your primary residence, your insurance policy is called a homeowners insurance policy. However, when you rent out a property where you’re no longer living, you need to update that property’s insurance policy to a rental insurance policy. Having the correct insurance policy in place is crucial to avoid unnecessary costs in the event of an issue with a tenant or the property itself.</p>


An Insurance Tip for Rental Property Owners

Discover essential insurance tips for rental property owners. Learn how to protect your investment with expert advice on coverage and policies.

An Insurance Tip for Rental Property Owners by Quan Phan

by Quan Phan, a Diamond Certified Expert Contributor

Video: Insurance Tip for Property Owners

if you own a rental property in addition
to your primary residence you'll want to
make sure your insurance policy is up to
date today we're in San Francisco with
diamond certified expert contributor lon
fun of GBA Realty to learn more one of
the important part of owning a rental
property is that having a bright insured
policy is critical with that a lot of
owner probably only after owning the
first home and moving on to the second
home and they decide to keep the first
home as a rental or investment property
a lot of time probably only forget to
update their insurance policy now keep
in mind when you live at in your
property your insurance policy called
homeowner insurance policy but when you
actually renting out your home that and
you no longer live there and that in
certain policy at the same time have to
be corrected meaning update to what we
call it rental insurance policy now by
having the right insurance policy will
help you prevent any unnecessary costs
in the future when they come to issue
with your rental property whether it's
the tendon tissue or
poverty structure at you want reform to
learn more from local top-rated
companies visit our diamond certified
expert reports at experts Diamond
Certified org

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