Insurance: Owner Occupied to Tenant Occupied Duplex

2 Replies

Hello Team BP!

I'm looking for insurance guidance. I recently moved from a duplex where I was house hacking in Maine to Idaho. I kept the duplex and it is currently being managed by a PM. When I had the insurance policy updated to reflect the change from owner occupied to tenant occupied, the annual premium went up by 65%!  As someone new to real estate, I don't know if I'm getting hosed or not.  After the amendment, the insurance company added the following premiums:

Optional Deductible

Landlord's Premises Liab.

Other Structures Coverage

Ordinance or Law Coverage

Dwelling Additional Coverage

Protective Device Credit

From your experience, are these additional premiums needed?

If they are needed, does a 65% increase sound reasonable?

Either way, do you all have any suggestions for places I might find a more affordable provider?


I would shop around and price compare. I don't know about the specific add ons you listed, but I do know that my insurance went down when I switched from a homeowner to landlord policy on my single family homes. Once they are not covering the belongings inside, it got cheaper. I'm not comparing apples to apples, though since mine were SFH and yours is a duplex.

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