When you buy a home, you buy homeowners insurance—usually. The exception? When the home you own isn’t for you to occupy.
Rental property, whether a single-family home or one split into multiple units, is a whole different ballgame in terms of insurance. Although one or more parties call the place home, homeowners insurance typically does not provide appropriate coverage for a residence that primarily generates rent. That’s why someone (surely some brilliant forbear… Continue reading →