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	<title>New answer on: What Kind Of Home Insurance Can Rent-To-Owners Get?</title>

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		<title>By: Robert J Russell - Finalist for Broker of the Year 2015</title>

		<link>https://insurancelibrary.com/home-insurance/kind-home-insurance-can-rent-owners-get</link>

		<dc:creator>Robert J Russell - Finalist for Broker of the Year 2015</dc:creator>

		<pubDate>Sat, 11 Feb 2017 12:54:00 +0000</pubDate>

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		<description><![CDATA[A Rent-to-Own renter is still a renter until he owns the property. When the title to the home is transferred then he becomes the owner. 

As a renter - he/she would need to get Renters Insurance to cover contents and not the building. The owner would need to have a Fire Policy to cover the building and not the contents.]]></description>

		

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		<title>By: Josh Stanley</title>

		<link>https://insurancelibrary.com/home-insurance/kind-home-insurance-can-rent-owners-get</link>

		<dc:creator>Josh Stanley</dc:creator>

		<pubDate>Thu, 02 Feb 2017 21:33:03 +0000</pubDate>

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		<description><![CDATA[The answer to your question will depend on how your contract is written.
Any time you&#039;re insuring a property, there must be a demonstrable insurable interest.  In layman&#039;s terms, there must be an actual ownership stake in the property.
Normally, for this to exist, there should be very specific terms of purchase detailed in your rent to own contract.  If this is the case, most insurance carriers will allow you to take out the industry standard HO3 homeowners policy on the property.
However, if your contract does not meet specific guidelines (which may vary by state, so check with an expert local to you), you may find you do not have an insurable interest.  If this is the case, the landlord or property owner should have a dwelling fire policy to cover the structure against physical damage, and I would recommend you have an HO-4 tenant policy to cover your personal property and liability.]]></description>

		

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