QUESTION
Home owner insurance coverage
Asked on Jan 21st, 2014 on Residential Real Estate - New Jersey
More details to this question:
We bought the property as our home and later rented out. Can insurance company deny claim if property is rented out and not owner occupied?
1 ANSWER
Adoptions Attorney serving Sparta, NJ
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Yes, most likely. The terms of your homeowners insurance policy likely contain provisions that the property is owner occupied. If that status changes, you are required to notice your insurance company. If you do not, you are technically in breach of the terms of your policy and the insurance company can deny coverage.
Answered on Jan 27th, 2014 at 3:25 PM