We start this week with a glitch. An insurance related one.
It turns out that our current homeowners' insurance policy for our properties is just that -- for personal use only.
Usually, when I have to speak with a broker about insurance, I'm on the phone for 45 mins or more.
So I got my tea ready and was braced for a barrage of questions this morning about who we are renting to, will there be pets, what are your renters' favorite colours etc etc.
Well, surprise, surprise, the conversation halted in under 2 minutes. Simply put. They do not offer that product nor will they defend us should something go wrong. You will have to find a different insurer completely.
I must admit, I was aghast. Of all the scenarios, I did not expect this one.
Our insurance is with a group insurer, the biggest one in the country for professionals in fact, but I guess in this case, that's not enough.
D is not giving up on his vacation rental dream. He is going to contact his friend, the insurance broker for advice and quotes.