If you have a house you intend to rent out full- or part-time, you may wonder which insurance you need to protect your interests. Your two main choices are homeowner insurance and landlord insurance. Ohio Insurance Center Agency, the most trusted and experienced insurance agency in Greater Cincinnati, OH, explains the difference between the two and discusses the situations under which each type of coverage is most appropriate. Armed with this information, you can make the best decision for your circumstances.

Homeowner Insurance

If you intend to rent out your home only temporarily, such as during an event in your town or while you are away for the season, homeowner insurance may be your best bet. It covers damage to and destruction of the property. It covers your personal property against loss, damage, and theft, and protects you and your family against liability even for events that occur away from home. For instance, if your dog should bite someone while you are on a walk, the liability portion of homeowner insurance covers the medical costs and legal fees that could arise. Homeowner insurance typically offers more substantial coverage than landlord insurance.

Landlord Insurance

If you plan to rent out your house full-time, landlord insurance is likely the best choice. It also covers damage and destruction. However, unlike home insurance, it does not include personal property—either yours or the tenants'—except items used to maintain the rental. Thus, your tenant's furniture is not covered, but your lawn mower and other yard tools are. Liability coverage extends only to occurrences on the property, but it protects you if someone suffers from an injury or property damage that's deemed your fault.

If you have questions about whether landlord or home insurance is most appropriate for your situation, contact Ohio Insurance Center Agency, the premier insurance agency in Greater Cincinnati, OH. Serving Hamilton, Butler, and Warren Counties, they can offer expert advice and help you find the best, most affordable policy available. Visit the website to request a free insurance quote, or call (513) 522-6300 to discuss your options with a friendly professional.