Reluctant Landlords: More Homeowners Renting Out Their Homes

10/18/2009 05:12 am ET | Updated May 25, 2011
  • M.P. MCQUEEN The Wall Street Journal

Hard data are scant on how many homeowners are renting out their homes, but anecdotal evidence suggests numbers are up. In one indication of the trend: More homeowners are converting their homeowners insurance to landlord policies that cover the additional risks of leasing out a home. Allstate Corp., the second largest home insurer in the U.S., reported a 27% increase in conversions in the first quarter from the previous year.

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