{"id":173177,"date":"2024-02-03T13:58:43","date_gmt":"2024-02-03T13:58:43","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/"},"modified":"2024-02-03T13:58:43","modified_gmt":"2024-02-03T13:58:43","slug":"do-i-drop-homeowners-insurance-when-i-get-landlord-insurance","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/","title":{"rendered":"Do I drop homeowners insurance when I get landlord insurance?"},"content":{"rendered":"<p>As a homeowner who is transitioning into becoming a landlord by renting out your property, you may be wondering if you should drop your homeowners insurance in favor of landlord insurance. Making this decision can be confusing, as both types of insurance provide different coverage. To determine whether or not you should drop your homeowners insurance when you get landlord insurance, it is important to understand the purpose of each type of insurance.<\/p>\n<p>Homeowners insurance is designed to protect the structure of your home and your personal belongings in case of damage or theft. It also provides liability coverage in case someone is injured on your property. On the other hand, landlord insurance is specifically designed to protect rental properties. It covers the structure of the building, liability coverage, and loss of rental income.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#The_Answer_No_Do_Not_Drop_Your_Homeowners_Insurance_When_You_Get_Landlord_Insurance\" title=\"The Answer: No, Do Not Drop Your Homeowners Insurance When You Get Landlord Insurance\">The Answer: No, Do Not Drop Your Homeowners Insurance When You Get Landlord Insurance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#FAQs\" title=\"FAQs:\">FAQs:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#1_Can_I_have_both_homeowners_insurance_and_landlord_insurance\" title=\"1. Can I have both homeowners insurance and landlord insurance?\">1. Can I have both homeowners insurance and landlord insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#2_Is_landlord_insurance_more_expensive_than_homeowners_insurance\" title=\"2. Is landlord insurance more expensive than homeowners insurance?\">2. Is landlord insurance more expensive than homeowners insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#3_Do_I_need_landlord_insurance_if_I_am_renting_out_a_room_in_my_home\" title=\"3. Do I need landlord insurance if I am renting out a room in my home?\">3. Do I need landlord insurance if I am renting out a room in my home?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#4_What_does_landlord_insurance_cover_that_homeowners_insurance_does_not\" title=\"4. What does landlord insurance cover that homeowners insurance does not?\">4. What does landlord insurance cover that homeowners insurance does not?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#5_Can_I_convert_my_homeowners_insurance_to_landlord_insurance\" title=\"5. Can I convert my homeowners insurance to landlord insurance?\">5. Can I convert my homeowners insurance to landlord insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#6_Does_landlord_insurance_cover_my_personal_belongings_as_well\" title=\"6. Does landlord insurance cover my personal belongings as well?\">6. Does landlord insurance cover my personal belongings as well?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#7_Will_adding_rental_units_to_my_property_affect_my_homeowners_insurance\" title=\"7. Will adding rental units to my property affect my homeowners insurance?\">7. Will adding rental units to my property affect my homeowners insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#8_Can_I_switch_back_to_homeowners_insurance_if_I_stop_renting_out_my_property\" title=\"8. Can I switch back to homeowners insurance if I stop renting out my property?\">8. Can I switch back to homeowners insurance if I stop renting out my property?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#9_Do_I_need_landlord_insurance_if_I_am_using_a_property_management_company\" title=\"9. Do I need landlord insurance if I am using a property management company?\">9. Do I need landlord insurance if I am using a property management company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#10_What_factors_determine_the_cost_of_landlord_insurance\" title=\"10. What factors determine the cost of landlord insurance?\">10. What factors determine the cost of landlord insurance?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#11_Can_I_get_landlord_insurance_if_I_live_in_a_condo\" title=\"11. Can I get landlord insurance if I live in a condo?\">11. Can I get landlord insurance if I live in a condo?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#12_Does_landlord_insurance_provide_coverage_for_tenant-caused_damages\" title=\"12. Does landlord insurance provide coverage for tenant-caused damages?\">12. Does landlord insurance provide coverage for tenant-caused damages?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"The_Answer_No_Do_Not_Drop_Your_Homeowners_Insurance_When_You_Get_Landlord_Insurance\"><\/span>The Answer: No, Do Not Drop Your Homeowners Insurance When You Get Landlord Insurance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>It is important to keep your homeowners insurance even after getting landlord insurance. Homeowners insurance provides coverage for your personal belongings and the structure of your home, which landlord insurance does not cover. Landlord insurance is specifically tailored to protect your rental property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<h3><span class=\"ez-toc-section\" id=\"1_Can_I_have_both_homeowners_insurance_and_landlord_insurance\"><\/span>1. Can I have both homeowners insurance and landlord insurance?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can have both homeowners insurance and landlord insurance. Homeowners insurance covers your primary residence, while landlord insurance covers rental properties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Is_landlord_insurance_more_expensive_than_homeowners_insurance\"><\/span>2. Is landlord insurance more expensive than homeowners insurance?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of landlord insurance may be higher compared to homeowners insurance due to the additional coverage it provides for rental properties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Do_I_need_landlord_insurance_if_I_am_renting_out_a_room_in_my_home\"><\/span>3. Do I need landlord insurance if I am renting out a room in my home?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you are renting out a room in your home, you may not need landlord insurance. Your homeowners insurance may provide coverage for renting out a room in your primary residence.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_What_does_landlord_insurance_cover_that_homeowners_insurance_does_not\"><\/span>4. What does landlord insurance cover that homeowners insurance does not?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nLandlord insurance covers the structure of the rental property, liability coverage for rental units, and loss of rental income, which homeowners insurance does not typically cover.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Can_I_convert_my_homeowners_insurance_to_landlord_insurance\"><\/span>5. Can I convert my homeowners insurance to landlord insurance?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYou will need to purchase a separate landlord insurance policy if you are converting your primary residence into a rental property. Homeowners insurance and landlord insurance are two separate types of coverage.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Does_landlord_insurance_cover_my_personal_belongings_as_well\"><\/span>6. Does landlord insurance cover my personal belongings as well?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, landlord insurance does not typically cover the personal belongings of tenants. Tenants are usually responsible for purchasing renters insurance to protect their personal belongings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Will_adding_rental_units_to_my_property_affect_my_homeowners_insurance\"><\/span>7. Will adding rental units to my property affect my homeowners insurance?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nAdding rental units to your property may affect your homeowners insurance coverage. You may need to update your policy or purchase landlord insurance to properly protect your rental units.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Can_I_switch_back_to_homeowners_insurance_if_I_stop_renting_out_my_property\"><\/span>8. Can I switch back to homeowners insurance if I stop renting out my property?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf you stop renting out your property and convert it back to your primary residence, you can switch back to homeowners insurance. It is important to notify your insurance provider of any changes in the occupancy of your property.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Do_I_need_landlord_insurance_if_I_am_using_a_property_management_company\"><\/span>9. Do I need landlord insurance if I am using a property management company?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEven if you are using a property management company to oversee your rental property, it is still important to have landlord insurance. Landlord insurance provides essential coverage for rental properties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_What_factors_determine_the_cost_of_landlord_insurance\"><\/span>10. What factors determine the cost of landlord insurance?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe cost of landlord insurance is determined by factors such as the location of the rental property, the value of the property, the level of coverage needed, and the insurance company.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Can_I_get_landlord_insurance_if_I_live_in_a_condo\"><\/span>11. Can I get landlord insurance if I live in a condo?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, if you rent out your condo, you can purchase landlord insurance to protect your rental unit. Condo insurance typically covers the interior of the unit, while landlord insurance covers the structure and liability.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Does_landlord_insurance_provide_coverage_for_tenant-caused_damages\"><\/span>12. Does landlord insurance provide coverage for tenant-caused damages?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nLandlord insurance may provide coverage for tenant-caused damages, depending on the specific policy. It is important to review your policy and understand what is covered in terms of tenant-caused damages.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As a homeowner who is transitioning into becoming a landlord by renting out your property, you may be wondering if you should drop your homeowners insurance in favor of landlord insurance. Making this decision can be confusing, as both types of insurance provide different coverage. To determine whether or not you should drop your homeowners &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Do I drop homeowners insurance when I get landlord insurance?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/#more-173177\">Read more<span class=\"screen-reader-text\">Do I drop homeowners insurance when I get landlord insurance?<\/span><\/a><\/p>\n","protected":false},"author":42,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-173177","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Do I drop homeowners insurance when I get landlord insurance?<\/title>\n<meta name=\"description\" content=\"As a homeowner who is transitioning into becoming a landlord by renting out your property, you may be wondering if you should drop your homeowners\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do I drop homeowners insurance when I get landlord insurance?\" \/>\n<meta property=\"og:description\" content=\"As a homeowner who is transitioning into becoming a landlord by renting out your property, you may be wondering if you should drop your homeowners\" \/>\n<meta property=\"og:url\" content=\"https:\/\/namso-gen.co\/blog\/do-i-drop-homeowners-insurance-when-i-get-landlord-insurance\/\" \/>\n<meta property=\"og:site_name\" content=\"Namso Gen Blog - 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