Kathryn's Blog

head_left_image

An Important Detail to Consider When Renting Your Home

An Important Detail to Consider When Renting Your Home

 

When you want to move but your house does not sell, you may consider renting your home to a tenant.  This can be a good short-term option but it can also come with many complications.  Finding a qualified tenant, making the property safe, operating within the bounds of the law - all of these are important considerations.

But there is one detail that is often overlooked when offering a home for rent, and that is the possible need to modify your homeowner's insurance.

The policy that your insurance company issues to you as the owner-occupant of your home will likely be different from the policy the company issues for your property when it is leased to a tenant.  In fact, if you neglect to contact your insurance company about the fact that you are renting your home, your insurance coverage may in fact not cover you as you think.  Your insurance policy may not cover the home if it is rented, and this can create problems for you.

Before you rent your home to a tenant, be sure to contact your insurance company and find out if you need to modify your homeowner's insurance policy.  This one step will protect you as you try to move forward with your plans.

 

 

Putting Today's Technology Tools to Work for You

 

Text and photos copyright Kathryn J. Acciari unless otherwise noted. 
All rights reserved.

 

 

 

Sturbridge & Central MA Real Estate and More

 

 

twitter linkedin icon 

 

Kathryn Acciari, Brand Ambassador

Century 21 Real Estate LLC
175 Park Avenue
Madison NJ 07940

Serving Brokers, Owners, and Agents Throughout New England

Cell: (508) 982-0686   
Email:
kasellshomes@gmail.com

Blog: Real Estate Blog
Twitter: @kacciari

Comment balloon 6 commentsKathryn Acciari • May 22 2011 10:21PM
An Important Detail to Consider When Renting Your Home
share
An Important Detail to Consider When Renting Your Home When you want to move but your house does not sell, you may consider renting your home to a tenant. This can be a good short-term option but it can also come with many… more
Summer is Coming: First BBQ of the Season
share
Summer is Coming: First BBQ of the Season Finally, the weather in Central Massachusetts has been agreeable enough to open up the grill and have the first barbecue of the season. This evening, my husband and I invited friends over… more
Covey Helps Keep Me on Track Today
share
Covey Helps Keep Me on Track Today A few years back, I worked as a technical communications manager for a software development team. Our team had the privilege of undergoing live training on the principles addressed in Stephen R. Covey's.. more
Radon Across America
share
Radon Across America Earlier this week, I was at at a home inspection with some buyers. The home inspector was set up a radon test kit and explained the dangers of radon, particularly its propensity to cause lung cancer. In New England,… more
OPEN HOUSE in WALES MA - Sunday May 15, 2011 - 131 Mt. Hitchcock Road…
share
Open House in Wales Massachusetts - Sunday 5/15 12 to 2 pm Make sure you add this home to your open house list. In top condition, this 3-bedroom home offers an open floor plan, big rooms, and plenty of nature. Open from 12 to 2 pm,… more
My Car Yearns for Big Bunny Dunk N Foam It Car Wash in Southbridge MA
share
My Car Yearns for Big Bunny Car Wash in Southbridge MA New England's seasons are tough on cars. In the winter, cars have to travel through storms of snow, salt, and sand. Spring is rain, mud, and pollen season. Summer… more
Craving Rovezzi's Bruschetta
share
Craving Rovezzi's Bruschetta As summer approaches, it is natural to look toward putting away the soups and stews and getting out the grill. Fresh vegetables and fruits are the backbone of summer eating, and personally this time of… more
What to do When You Receive a Low Offer on Your Home
share
What to do When You Receive a Low Offer on Your Home If you are selling your home in a turbulent market - one in which private sellers compete against foreclosed properties for buyers' attentions - you may well face having to consider… more
Thank You, Massachusetts Association of REALTORs
share
Thank You, Massachusetts Association of REALTORs At long last, the Massachusetts Association of REALTORs (MAR) has announced the release of electronic forms for use by member REALTORs. I've been waiting for this moment for years… more
The Home Inspector Brought a Change of Shoes
share
The Home Inspector Brought a Change of Shoes On a recent home inspection, I had cause to be impressed. It was a snowy day, and the ground was covered in mush and mud. The home inspector made his rounds on the exterior of the home and… more