As the property owner, can I use secondary dwelling and rental insurance to rent out my second residence when I’m not there?

You may live in Blue Ridge, GA and have a secondary residence there too, or your second home may be somewhere else. Regardless, if you don’t spend much time at the second house, you may be thinking about making extra money by renting it out. 

Renting out your primary home– short term or a regular thing?

When you think about what kind of insurance to buy for your main property, you need to consider whether you want to make it a regular thing or if you are just doing this as something special.

You may be able to just add onto your existing policy if this is a rare occasion, but otherwise, you will need to talk with The Insurance Mart about business insurance, because regular homeowners insurance doesn’t cover what happens when you are operating as a business.

Second-home rentals

The same principle applies when you are using your second home as a regular rental. To protect your property, you will need to make sure you have landlord insurance. It will not only protect your physical property, but it will also give you important liability protection for when your renters and their guests are on your property. 

You may want to make sure your tenants also know they need to get renters insurance to protect their personal belongings. You can make that a condition of the lease. 

If you live in or around Blue Ridge, GA, we can help you figure out what kind of insurance coverage you need based on your plans. If you are interested in purchasing a policy or if you just have questions, feel free to call The Insurance Mart today.