Investor · Los Angeles, CA · Member since 2012 · 108 posts · 23 votes
Hi All,
Been a while since I posted on this forum. I just got my first property few weeks ago. I closed it as second home, with a second home rider..... Since I already got home owner insurance, and looking to rent it out as season rental. If I buy landlord insurance, will they contact my mortgage company??? I'm hopping to have them bill me directly, since it is against the contract with second home rider. Any one have experience with this??
Rental Property Investor · Mercer Island, WA · Member since 2008 · 22k+ posts · 14k+ votes
13y
Yes, the lender and the insurer communicate. The lender will want a copy of the policy or else they will do a force-placed policy and charge you for it.
Investor · Los Angeles, CA · Member since 2012 · 108 posts · 23 votes
13y
Sorry I did not explain better. What I mean is, I'll keep my home owner insurance; and I will also buy land lord insurance from a different company. So basically I'll have homeowner + landlord insurance at the same time. Would that work??