Quote:
Originally Posted by CoachKandSportsguy
read all the replies, I got the best answer already
in posts #3 and #6 from VT and RG123
as acknowledged in post #7
satisfied guy
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Sorry to disagree but a home can be struck by lightning, a tornado, hurricanes, etc even if a home is unoccupied for a while. Vacancy has nothing to do with an insurance policy. It is about who is occupying the home.
I believe the reason for the $1300 discount is that the homeowner is living in the home part-time. Homeowners insurance only covers personal loss. When the owner leases the home, the policy will no longer be valid.
During the time the home is leased to a renter, you will need to obtain insurance that covers a business property. Each year, you would have to purchase two policies- homeowners for the personal use of the home, business insurance for the business use of the home. If you have the wrong policy, your claim will be denied.