What type of insurance should I get on a vacation home / rental?
I am purchasing a second home near Canyon Lake, Texas. This house will be occupied by me or my immediate family approximately 50% of the year. The other half, I plan on short term rentals (3-5 days at a time). What would be the appropriate insurance(s) for this? I also plan to live in this second house full time in approximately 5 years, if that makes any difference.
homeowners insurance
as the owner and in the event you owed a second/third party you must have an insurance, regardless you want to rented later, the renter should have rental ins on his/her own. If you do not owed such property to a second/third party, is just a good precaution to have it insured. no change will be necessary once you moved into it permanently later as you said just an update.