Landlord home insurance policy

[Danielle Scott]

I will be converting my current home into a rent house as of 6/1 due to moving out of state. When I called my agent they said the current company no longer wanted to insure my home due to the fact that I am renting it to three female students and treated it as "college housing". I've called several agencies and get the same excuse every time. The one that would cover quoted the same policy at $700 a year and asked all kinds of questions like how long they were planning to stay, what kind of degree, ages, etc. This seems very intrusive and way too difficult. Any advice or tips on how to handle this and cover my house? Do you have to do this every time you get new tenants and have your insurance company vet your renters? Seems like a unnecessary hassle.

[Derek Lacy]

Leah D

The issue is student housing. Not that you are renting it. Almost every insurer will ask is this student housing. Some when you say yes will say no thanks.

Sure makes you want to say no. But then you would be misrepresenting on an insurance application (meaning when the claim comes in the policy could be voided).

There are some insurers that have no problem with student housing, but it's not the State Farm all states of the world. PM me and I can help diagnose this better for you.

Unfortunately something like this is not something you can give blanket advice on.