New Berlin, WI · Member since 2013 · 26 posts · 2 votes
Hello Everyone,
I'm new to real estate investing but I'm looking to purchase my first property within the next 5 months. The home will be an owner-occupied duplex.
What type of insurance policy should I have? Do I need additional coverage on top of homeowners insurance? What kind of coverage should I get? I want to make sure that I'm not underinsured.
Investor · Kansas City, MO · Member since 2008 · 153 posts · 81 votes
12y
Hey Ryan---welcome aboard...most insurance companies that offer owner-occupied homeowner's policies should oblige for you. Just ensure you require (and enforce) that your tenant carry renters insurance!
Detroit, MI · Member since 2009 · 114 posts · 40 votes
12y
All you need is a landlord insurance policy. The only difference with a duplex is there is a charge for a mutlifamily but the coverages are the same as a SFR policy. Find an agent that knows landlord insurance and it should be easy. We write them all the time.