Owners of rental properties can take out non-occupant property insurance. Even if tenants take out home insurance themselves, this coverage is very useful.

You are the owner of a property that you want to rent? The non-occupant property insurance (NOP insurance) is something you should know about. Find out what it is and why it is interesting for you.

When you entrust this property to a tenant, the latter has the obligation to take out home insurance. This obligation is also undoubtedly included, in black and white, in the lease. However, this policy does not cover damage for which your tenant is not responsible, such as an fire caused by lightning.

NOP insurance therefore also offers more balance at this level.

NOP insurance with waiver of recourse

It is not always easy to know the exact degree of coverage of the home insurance taken out by the tenant.

To avoid this area of uncertainty, some landlords opt for the clause of waiver of recourse against the tenant. The owner is responsible for insuring his property and thus relieves the tenant of the obligation to take out a home insurance.

Non-occupant property insurance is not mandatory

Small useful clarification: unlike the home insurance of the property in which you live, NOP insurance is optional. Indeed, the tenant has the obligation to insure himself the building he occupies. However, this coverage is very useful to cover the blind spots that could present the home insurance taken out by your tenant.

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