Converting your Primary into a Rental- Insurance question

[Andrew P.]

I assume i'd have to call my insurance company to change it to a "rental property"? So insurance would be higher, so the escrow account wouldn't be enough to cover. Do they re-adjust the mortgage, or do you just pay extra towards your escrow account each month?

How much of a price jump should I expect for my insurance premium?

[JD Martin]

Usually what happens is your escrow is adjusted once or twice a year, depending on whether it is meeting, undershooting or exceeding target. If you change your insurance, whatever the insurance does should just be reflected in your next escrow review. 

PS: My rental properties are individually cheaper than my primary residence.