Best Answer

Insurance companies offer renter's insurance which covers the person's personal property, such as furniture, clothing, appliances, jewelry, and so forth. The coverage for the house itself is the responsibility of the owner.

User Avatar

Wiki User

โˆ™ 2015-07-15 21:10:26
This answer is:
User Avatar
Study guides


25 cards

Duties and functions of international travel organisations

What type of policy is a certainty that the insurance company will have to make payment

Definition of exclusive brand outlet

Why is a checking account more convenient than a savings account

See all cards
2 Reviews

Add your answer:

Earn +20 pts
Q: How can you get home insurance for a house that you are renting out in NC with no mortgage note?
Write your answer...
Still have questions?
magnify glass
Related questions

Can mortgage interest and insurance be deducted on a rental home even if someone doesn't own another home and is renting too?

If you own the home in question (the title is in your name), you can deduct mortgage interest. If you are renting out the home, you can deduct some of the costs of having it as a rental, but I am not sure about the insurance. If you are renting the house only, without ownership, you may not deduct the interest.

Does house insurance cover a mortgage if the holder dies?

NO Home Owners insue covers the Home. You might look to Mortgage Insurance for paying a mortgage.

Why is buying a house a better investment than renting an apartment?

Renting an apartment is not an investment. Mortgage payments increase the home-owner's equity.

Do you need to tell your mortgage company if you rent your house?

No, you do not. The deed has a due on sale clause, but no stipulation for renting your home.

Do you have to get insurance if you pay cash for a house?

No. If there are no mortgage requirements that you carry insurance then it is completely up to the home owner.

Should home insurance be more than home mortgage?

This depends on how much money you are borrowing on a mortgage. If you have a small mortgage, ie you have borrowed very little and are insuring a big house in a high risk area, the home insurance could be higher but generally most people would be spending thousands per year on mortgage and hundreds on house or contents insurance.

What does hazard insurance mean in a mortgage?

It's referencing your House insurance. Homeowners insurance is also known as a Home Hazard Insurance Policy.

Will homeowner's mortgage insurance pay for failing drainage pipes under foundation?

Mortgage InsuranceNo, Mortgage Insurance is NOT Homeowners Insurance. Mortgage Insurance does not cover your home at all.Mortgage Insurance covers your finance note, not your home.

If you are renting your home and living with your boyfriend at his home why won't your insurance company cover your home?

It is possible that you have to be occupying the house to be covered by insurance. They see it as unprotected by the owner and anything could happen to it. I cant possibly be the first person to try and insure a property Im not occupying. Homeowners insurance covers your home, and a house you are renting to someone else is not your home. It can be insured, but you need a different policy.

Is it harder to get a home insured if you have moved out and are now renting the property and can the mortgage company object to doing this and can they forbid renting it out?

No. Be sure you only insure the dwelling and not the contents inside. You should ask your tenants to have renters insurance to cover their personal belongings. Your mortgage company will require that you have adequate coverage but is not concerned with personal belongings inside the home. As far as I know, the mortgage company has no say in who lives in the home.

Where can you get cheap house insurance?

Many times when you buy a home, your mortgage broker will have a line on reasonable house insurance rates. This is because they cannot finish their sale without it being insured. I would ask your mortgage agent.

If you do a reverse mortgage CAN you rent out your home?

No, you must keep the home as your primary residence, renting out the home is a violation of the mortgage agreement and could result in the mortgage note being called due.

People also asked