Do I need to switch my homeowners policy if I rent out my house?

Yes, you must notify your carrier and switch to a DP-3 landlord policy. An HO-3 homeowners policy assumes the property is owner-occupied. Once a tenant moves in, most carriers will deny claims that occur during the tenancy. Some carriers issue a non-renewal notice the moment they discover the change. Failing to switch is one of the most common, costly mistakes Georgia property investors make.