Do Need Home Insurance On A Rental Property? 
Yes , but most people and a lot of agents do n't realize home insurance does n't cover rentals . A homeowner 's policy is meant for the insured that actually lives in the home . All policies differ from company to company , but there is usually a 30 day period that the home is covered until it becomes a rental , vacant , etc and even though you may be paying premiums for a homeowner 's policy you wo n't be covered because it is no longer a main residence . At that point and hopefully you agent advised you of this , that you need to get a dwelling policy specifically for covering the building and not the contents which is often called a `` landlord '' policy . The morale of the story is to be sure what the policy states and if there is a vacant clause which there normally is . 