Couple with separate Primary Residences - insurance
Hello,
1. We have a primary residence (SFH) in Somerset County, NJ. We brought up our family there and have a good friends' network. The mortgage is in my name but both our names are on the title.
2. A couple of years ago we bought two properties (2 unit homes each) in Jersey City, NJ, a little over a year between each purchase. We designated each as the primary residence when we bought them and moved to the next. Husband lived there since he works in NYC. He would come to Somerset County house on some weekends but would live in JC M-F every week, hence it became his primary residence. Both our names are on the mortgage and title.
We are now doing STR on the Jersey City properties. Husband lives there in one of the units of one of the property. I do not want to live in JC because my job and friends are in Somerset county and don't want to change schools.
Because of recent changes in STR rules in JC, we need to have one of the JC buildings proved to be owner occupied and have a 500K liability insurance.
Will an insurance company give coverage as primary residence for JC property where husband lives but I don't? The second JC property will be insured as investment/rental property. The question is for primary residence.
Can husband have his car and JC primary residence (and second rental property) be insured under one insurance company while I have my car and Somerset County primary residence be insured under another company? Since we have both our names on all 3 properties, I'm not sure whether the insurance company will allow it.
Any help in this matter will be appreciated.
Thanks.