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Rental Home Insurance

April 26th, 2012 at 08:57 pm

If we need to rent our home, I found out that USAA offers Rental Home Insurance. This is different than if you are renting a home from somebody. This insurance is also referred to as fire insurance. It covers the dwelling, personal liability for legal and medical costs AND coverage for lost income.

I haven't yet inquired into the cost, but I would guess it would be less than our current homeowner's policy that covers our personal belongings as well.

One learns something new everyday it seems. What did you learn today?

Posted in Uncategorized | 3 Comments »

3 Responses to “Rental Home Insurance”

  1. Beawealthywarrior Says:
    April 27th, 2012 at 12:55 am 1335488131
    1335488131

    I have a fire policy on my rental in South Carolina w/USAA. The cost is $482 a year. You might also need to check with your state but if your home does become a rental, the property tax maybe higher becuase it's now looked at as investment property, at least that's my case in SC.

  2. creditcardfree Says:
    April 27th, 2012 at 01:24 am 1335489859
    1335489859

    Ah yes, that would be the case here where we get a homestead discount on property taxes. Thanks for the reminder of that as well.

    Fingers still crossed it will sell. Smile

  3. LuckyRobin Says:
    April 27th, 2012 at 03:00 am 1335495648
    1335495648

    I know that they have landlord's insurance. It covers malicious property damage when renters trash the place.

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