Insurance On A Condo Rental
I will be moving out of my condo and renting it out. 1. What is the minimum liability coverage I should get? 2. How about other types of coverage...stove, refrigerator, washer dryer, walls etc. 3. How does an existing master HOA policy figure into the mix? 3. Overall, what should I be concerned about when shopping for insurance? (renter's belongings vs. my property, etc,) Thanks for the input, Paul
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Liability, as much as you can...Owner/Tenant Liability coverage.
Master Assoc Policy should cover everything from the studs out...so your responsible for the studs in towards the unit.
I use a figure about $5000-$6500 for personal property and calculate about $15,000-$25,000 depending on construction cost of the unit.