One mistake I see quite often is that when an owner converts their primary residence or 2nd home to rental property, and they fail to update their insurance policy.
Excuse me for asking BUT how is it that this is a "mistake" that YOU "see quite often"? Are you an insurance agent or a lawyer or a real estate agent or broker?
In fact, many legal firms will give such cases to their “new hires” right out of law school because it’s a great confidence builder for them since it’s practically a guaranteed win for the tenant.
Again.......how do you know this? Are you a lawyer? Even if you're a lawyer you couldn't possibly know how "many legal firms" will handle these cases.
