Property Held for Rental Covered
by Homeowners Policy?

Q

Our client has an HO 00 03 05 01 on his primary residence in Florida. He also owns a condo in a vacation area of New York that he rents during the months of June, July, and August. In March of this year, the condo was destroyed by a fire. Our client's HO 00 06 05 01 policy paid the policy limits for the lost contents. However, he was underinsured.

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