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| *Loan,banking and credit>>>house insurance |
Can I buy flood insurance on a rental house? |
I live near Houston, Texas and I have regular renter's insurance. It doesn't cover flood or wind. Can I get supplemental wind and flood insurance if it's just a rental house, not owned? You can buy contents only coverage for the property you own inside the structure. I suspect you meant to ask if you could buy coverage for your contents, not the house itself? You do not have an insurable interest in the structure itself (unless you have a rent to own agreement in place.) Contents only flood policies are typically the cheapest type of flood coverage, although the rates will ultimately come down to the details of the flood zone in which the property is located. Contact your current agent about getting a quote, but be aware it may take awhile to get a flood zone determination. Also, be aware that there is no point in shopping rates for flood coverage, because rates are federally mandated. (If you're getting different rates for the same coverage with the same options, then someone has assigned you as a preferred rate as opposed to a standard rate. That may very well be an error in entering your flood zone, so don't assume you'll necessarily get the better rate, regardless.) Source(s): licensed agent: life & health, property & casualty please try this <a href="http://www.jdoqocy.com/click-1748196-104... target="_top">help!</a> |
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