I own a home that I own with zero balance (50k value) that I live in that's listed as a rental on my insurance. I own a home with a balance that is a rental ($300k value) that is listed with the same insurance company as a homeowners policy. My living situation was vice versa at one point. I want to do the right thing while protecting my financial interests . I can not afford a huge increase if the current homeowners policy turns in to a rental policy. Both house have always been insured by the same insurance company since 1992 and 2007. I suppose I could drop the policy where I live and change the other policy to rental insurance. I really don't want to have no insurance though, I don't want to deceive the insurance company. Hope this doesn't sound silly however I am looking for advice. Thanks