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Author:

Community Mentor

Ask Jessica

Should I enlist Rent Loss Insurance in the binder?

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JDT7

Guest

Post subject: Rent Loss insurance

We have just completed a major rehab on our rental home and it is squeeky clean and fresh. We are screenng for a new 'responsible' tenant. My question is - can we get rent loss insurance on the property even though we haven't yet placed that new tenant?

gmakerley

Community Mentor

Joined: 09 Nov 2007
Posts: 12376
Location: bloomfield, ct
58.49 Dollars($)

Post subject:

it would make sense to me that an insurance company would do that, though you obviously couldn't cash in on that portion of your policy based on not having had a tenant to begin with. it would occur to me that an insurance agent might be the one to ask this question of. _________________ George M. Akerley Mortgage Underwriter/Consultant Word of Excellence- Writing/Editing/Proofreading 860-221-5044