Insurance Question !!! I'm little confused

[Edward Rangel]

I'm 23 and live in Illinois So I own 1 house  and going to buy this 4 unit building with fha loan.

I bought my first house with a conventional loan.  

Okay my question is if I am going to rent out the building. Do I need a specific type of insurance ?? Or will I be fine with the insurance from geico that I will get before I buy the Building or do I need 2 insurances???

plz help lol

[Jason Bott]

@Edward Rangel

@Christopher Phillips is correct.  If you are living there,then you should be looking to get a homeowners policy from Geico.

If you will be renting it out, then you should be buying a Non owner occupied policy.  This can go by many names such as;  Landlord policy, Rental Property policy, Fire Dwelling, etc.

I can tell you Geico will not be a competitive option if you will not be living there.  I'll send you a PM with other options.