House Hacking with tenants and insurance?

Question

Does a person who is living in their primary residence and rents out additional bedrooms for long-term use need to have additional homeowner's insurance?

Jake Andronico · Answer

@Julian Hamstead

Yes. I've done this twice in Reno, NV and had additional insurance and riders. Talk to a local insurance broker and explain exactly what you plan on doing.

You should absolutely be able to get coverage.

Best of luck to you!!

Mackaylee Beach · Answer

It's a good idea to check with your insurance provider, as renting out rooms can change your coverage needs. Standard homeowner's insurance typically covers personal property, liability, and the structure of your home, but it may not fully cover incidents related to tenants. You might need to consider additional coverage, such as landlord insurance, which can offer protection for property damage caused by tenants, liability for tenant injuries, and loss of rental income. It's best to discuss your specific situation with an insurance agent to ensure you have adequate protection.