Two insurance coverages?

Question

I'm looking into insurance on my vacation rental, which we just started renting out and currently have a normal homeowner's policy on it since we were living in it prior.  We're in Fort Myers Beach, FL, and so Proper Insurance is quoting us $2,500 without wind and $8,000 with wind.  I was quoted $4,000 through Fednat, but noticing it doesn't have all the coverage that Proper does.  I'm thinking about writing a policy with Fednat that includes hurricane, and then the policy with Proper Insurance without wind.  Anyone done this before?  Thoughts?

Michael Baum · Answer

Hey @Lynzie Mackey, I would think you would run up on first vs second insurance issues regarding liability. I am not an insurance expert but I would guess that either could claim the other is responsible for damages.

What is missing from the FedNat coverage vs Proper? I use Proper and it is more, but quite extensive. Can those that are missing be added?

John Underwood · Answer

Your current policy could deny any claims. You need to decide quickly.

That said I found Foremost insurance to offer the best STR policy for the best price.

Lynzie Mackey · Answer

@Michael Baum I was thinking about asking the insurance broker about adding coverage!  Thank you.  I requested quotes through CBI and Foremost thanks to @John Underwood from another post, but they both told me they weren't writing policies in my area.