I received a certified letter from my insurance agent last week informing me that I didn't have any liability insurance on my rental property. How could this be? I have had this policy for two years. I know I had it the first year but not now? I admit I didn't read the policy very well upon renewal. I am sure the mortgage company wouldn't be pleased.
After telling my story to fellow active rainer Frank Rubi he told me to check with my homeowners policy. How nice. For next to nothing I now have liability insurance once again. If you or your clients own investment property, you may want to check with your homeowners policy for additional coverage, etc. I don't believe this would apply to commercial properties, only residential.