What type of Insurance? Converting home into rental

[David Perez]

Hi BP

Not sure what types of coverages I should have on my insurance.

I am converting my primary residence to a rental in Florida.

Thanks!

[John Mocker]

David,

the most common form used for a rented 1-4 family dwelling is a Dwelling/Fire policy.  Some companies call them Landlord policies.  They are from the Personal Insurance Department of the Insurance company (like the Homeowners policy).  You can also get Commercial Insurance (Business Owners or Package policy) but in many cases, it is more expensive.  I mention it because the insurance market in FL is having issues and you may find the Business policy is needed to get the coverage you want or need.