Q
and A
I closed on my home 6 months ago, we will have tenants in soon;
can I get a Short-Term Rental Policy now?
-Your Dwelling Fire policy
protects against more than liability claims that may arise from
having a tenant occupy the property, your policy mainly protects
against covered perils that occur whether the home is occupied
or not, for example, Fire, theft, and hurricane damage. It is
very important to have your property covered from the outset of
your closing to ensure that any claims made on the property are
covered. Many insurance companies will not insure a home that
has had a lapse in coverage. Keep in mind that Flood Policies
take 30 days to go into effect, if not required by your lender,
so don’t wait until the last minute.