House Hacking Homeowners Insurance

Member since 2021 · 22 posts · 15 votes

For a house hack, on questions for homeowners insurance like "how many people are living in the household," etc... do I need to answer with just my unit, or do I need to list them as well? Probably a silly question, but I feel like duplexes or more are a little more complicated when it comes to insurance, which is something I never thought about PRE buying the house!!! Any good companies for multifamily houses lol?

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Nathan GesnerBusiness Member
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Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
1y
Quote from @Charles Evans:

For a house hack, on questions for homeowners insurance like "how many people are living in the household," etc... do I need to answer with just my unit, or do I need to list them as well? Probably a silly question, but I feel like duplexes or more are a little more complicated when it comes to insurance, which is something I never thought about PRE buying the house!!! Any good companies for multifamily houses lol?
Yes, you should be honest about how many people may reside in the property.

You are buying insurance for the entire property, not just your unit. Because you occupy one of the units, the insurance may differ from a standard homeowner policy. Be clear about how the property is developed and how it will be used. They will guide you through what you need. I also recommend quotes from at least two companies before settling in.
The DIY Landlord Book4.7248 Reviews
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Owen RosenBusiness Member
Professional · Clinton Township, MI · Member since 2015 · 676 posts · 259 votes
1y
Quote from @Charles Evans:

For a house hack, on questions for homeowners insurance like "how many people are living in the household," etc... do I need to answer with just my unit, or do I need to list them as well? Probably a silly question, but I feel like duplexes or more are a little more complicated when it comes to insurance, which is something I never thought about PRE buying the house!!! Any good companies for multifamily houses lol?

Shouldn't be complicated. Here's the conversation with an agent: "My house is a duplex. I live in one unit and I rent the other out. OK, how many people live in your household? Got it. How many people live in Unit 2? Got it, thank you sir."
If you're trying to do something online or through a call center, yeah, it could be more complicated but just be open about your situation. It's not abnormal.
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