Would Umbrella Policy, or what?

[jannie123]

What is the name of your state (only U.S. law)? IL
Two homes on separate addresses owned by same person. One used as main residence (I understand that would have a home owners policy). Other separate home with lawn the whole deal, used on the order of a "guest house" (not for a fee, but for relatives) and sometimes for parties or small gatherings (not rented out for that, but our personal use). It's a smaller home, but "vintage".

Is there a type of insurance that covers this situation.

 

[Zigner]

Two weeks ago, it was a rental property? https://forum.freeadvice.com/other-real-estate-law-questions-11/parcel-land-question-566793.html

 

[startedone]

I'm sure there is ... contact your insurance agent .. I'm not one

 

[jannie123]

For Zigner - I didn't remember asking the insurance area question - I did ask a legal real estate question about combining the 2 properties into one. If you wish to know the whole story--- 2 properties, our small vintage home next door to rental (ranch style - no steps). We will be moving into the rental making that our primary residence. I wanted to know about insuring the vintage home, which we will use for unpaid guests relatives and small parties. I'm sorry to have bothered trying to find competent information, It appears that you find my question troubling, or have difficulty assisting.

 

[Zigner]

For Zigner - I didn't remember asking the insurance area question - I did ask a legal real estate question about combining the 2 properties into one. If you wish to know the whole story--- 2 properties, our small vintage home next door to rental (ranch style - no steps). We will be moving into the rental making that our primary residence. I wanted to know about insuring the vintage home, which we will use for unpaid guests relatives and small parties. I'm sorry to have bothered trying to find competent information, It appears that you find my question troubling, or have difficulty assisting.

Darnit, and I had an answer for you. Oh well. You should simply call your agent. Good day.

 

[ecmst12]

When you get your insurance policy you describe exactly the property to be insured and what it will be used for. Then they will give you an appropriate policy.

 

[moburkes]

No, its not an umbrella policy. Not even close. And, yes, if you explain the use of the home to your agent, he will sell you the proper policy.

 

[FlyingRon]

You need to talk to an insurance agent, polices differ.
Umbrella insurance only covers liability not property damage.
You'd have to check your umbrella policy to see if it covers liability on a second home without a base homeowner's policy in place.