From: "Kitep" 
Newsgroups: alt.invest.real-estate
Subject: Re: Questions re: Occupancy of Second Home
Date: Tue, 24 Feb 2004 03:23:39 GMT

> Question:  Can I now change gears and rent out the Florida house?  I
raised the
> question with my insurer and she flipped out.  I can handle both mortgages
> financially, but prefer not to - also, the insurer said the policy would
be
> canceled if I don't occupy the house after a certain amount of time.  What
are
> my options, legally?  Would appreciate any suggestions.

Some mortgages are written specifying that it will be owner-occupied.  You
may have to check with your lender about this.  If yours is that way, you'll
probably be able to redo it at a slightly higher rate.  Good luck :)