What is the correct coverage form to insure a condominium unit that is rented or held for rental, but is not the insured's/owner's residence premises?
Texas Subscriber
The ISO HO 17 33 provides coverage for condominiums rented to others. Personal property of the insured is excluded as he is not present at the residence, and theft is excluded for money, securities, bullion, gold, goldware, personal records, tickets, jewelry, watches, furs, and gemstones. Business is also excluded except for the rental of the unit itself. The rest of the HO 00 06 applies as normal.