Comments on: Landlords- Double Check The Insurance Policy On That Vacant Rental http://housingdoom.com/2009/11/12/landlords-double-check-the-insurance-policy-on-that-vacant-rental/ "He who defends everything defends nothing." - Frederick the Great Fri, 19 Mar 2010 07:04:43 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: twist http://housingdoom.com/2009/11/12/landlords-double-check-the-insurance-policy-on-that-vacant-rental/comment-page-1/#comment-21190 twist Thu, 12 Nov 2009 14:09:03 +0000 http://housingdoom.com/?p=5275#comment-21190 AZSaluki- I suspect a lot of these "accidental landlords" don't even bother changing to a rental insurance policy once they move out of the house. Maybe they think that the insurance company will have no way of knowing if the place is a rental or not. However, if you've got serious damage due to vandalism problems, the insurance company is probably going to guess that you don't live there any more. I remember the first time I rented out a house. The agent didn't describe the rental policy in detail, but I do remember her warning me about it being vacant. I suspect most agents do that- some people just decide saving the cost is worth the risk. AZSaluki-

I suspect a lot of these “accidental landlords” don’t even bother changing to a rental insurance policy once they move out of the house. Maybe they think that the insurance company will have no way of knowing if the place is a rental or not. However, if you’ve got serious damage due to vandalism problems, the insurance company is probably going to guess that you don’t live there any more.

I remember the first time I rented out a house. The agent didn’t describe the rental policy in detail, but I do remember her warning me about it being vacant. I suspect most agents do that- some people just decide saving the cost is worth the risk.

]]> By: AZSALUKI http://housingdoom.com/2009/11/12/landlords-double-check-the-insurance-policy-on-that-vacant-rental/comment-page-1/#comment-21188 AZSALUKI Thu, 12 Nov 2009 14:00:58 +0000 http://housingdoom.com/?p=5275#comment-21188 i read this article the other day and was a bit surprised. i don't know why i was surprised as i'm pretty sure most people don't actually read their entire policies? and when it comes to insurance, i've always taken the attitude that more than likely, they aint gonna pay! i read this article the other day and was a bit surprised. i don’t know why i was surprised as i’m pretty sure most people don’t actually read their entire policies? and when it comes to insurance, i’ve always taken the attitude that more than likely, they aint gonna pay!

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