Rental Property Insurance

[Nalin Shawn Wijeratne]

I have a primary residence townhouse in Frederick MD. I am going to rent it out in August 1 can I keep the current insurance I have on the property or do I need to change the insurance? Are they any laws or rules against keep the current insurance.

[Ryan Ingram]

Hey @Nalin Shawn Wijeratne, 

Great question. Homeowners policies are written for owner occupied properties. Since you'll be moving out on 08/01, you'll want to switch that to a dwelling fire policy or a "landlord policy." 

I'm not sure about the laws part but insurance companies don't take kindly to homeowners policies on non owner occupied properties; you will potentially run the risk of a claim not being covered. But...I'd reach out to your agent to find out for sure.