Does anyone have experience with insurance companies being difficult with numbers of tenants within a space? I rent out my basement to students and this year as I got many enquiries from groups of four, I thought I'd rent it to four students. It only has two bedrooms, but there is room enough in each bedroom for two beds and the square footage is over a thousand square feet. My current insurance company is refusing to cover the situation and I've made enquiries to two others and they also do not cover more than three students in the suite. Does anyone know what my options are with getting the proper insurance? Also, does it nullify the entire insurance policy if I do rent it to the four students and something happens even if it were unrelated to the basement suite? Say a flood?
Thanks all,
Nancy
Thanks all,
Nancy