Generally speaking, when you have renters at your house, your place is at a higher risk than if it's just you living there. That higher risk means that your rates will likely be higher.
Those additional risks are not just damage, like fire or water backup, but theft and additional liability.
Every company assesses rates and charges differently, so you'll want to chat with your agent about your needs. That said, if your rates do go up because of your renters, it will be minimal and covered by the rent your tenants pay.
Feel free to reach out to us with any questions: insuranceeddie.com. Thank you.
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Those additional risks are not just damage, like fire or water backup, but theft and additional liability.
Every company assesses rates and charges differently, so you'll want to chat with your agent about your needs. That said, if your rates do go up because of your renters, it will be minimal and covered by the rent your tenants pay.
Feel free to reach out to us with any questions: insuranceeddie.com. Thank you.