What it does
The homeowners Coverage B does not cover other structures rented or held for rental to a non-tenant unless used solely as a private garage. HO 04 40 schedules the rented structure with its own limit.
Who needs it
Homeowners who rent a carriage house, garage apartment or accessory dwelling unit on their property.
Quoting and selling notes
- Confirm whether the unit is rented long term or short term; home-sharing activity has its own endorsements (HO 06 62–06 68).
- For a rental dwelling at another location use HO 24 70 for liability and a DP policy for the building.
Editions and availability
Editions in use and where they apply: 03 22 (41 jurisdictions); 10 00 (11 jurisdictions: AL, CA, CT, FL, GA, HI, LA, NC, PR, TX, VI).
Section II changes affect umbrella placement. The ISO personal umbrella (DL 98 01) needs its own excess endorsements for business pursuits, home business, home day care and home-sharing exposures, so confirm the umbrella responds before relying on a homeowners endorsement for a business-type exposure.
