Renting from our company?

[GaltsGulch]

Has anyone lived temporarily in one of their company owned rental homes?

I am running into a debate with the insurance company. They want to switch it to a primary residence.

Thanks for your time.

[andydallas]

does your agent know its a rental?  two different policies, if you insure as your primary residence, rent it out, and have a loss, you will have problems

[GaltsGulch]

The agent knows it is a rental. Our company owns it. Why would it matter to the insurance company if I rent it from our company and not someone else?

Just wondered if anybody has dealt with this situation before?

Thanks again.

[Bluemoon06]

Your agent wants you protected properly.  The contents are not covered if you move into the rental.  If you rented it from your company (actually pay rent) and take out a renters insurance policy then he should have no problem. 

[mcwagner]

by "our" company, I assume you mean that you own the company that owns the rental.

there are tax issues with personal use of a rental property.

not that you can't do it, just let your tax pro know what's up.