Hello,

I am under contract for a 4200 sq ft house that I plan to convert to an 11 bedroom, 5 bathroom co-living PadSplit house. I have been working with insurance brokers to quote insurance for the property. My usual insurance broker is telling me that the usual landlord policy providers will not provide insurance on a property that will have more than 5 leases on it. In this case, I plan to have 11 leases for 11 bedrooms. So, they looked at their commercial providers, and I received an initial quote for $9,000 per year, which is about twice as much as I was expecting. 

What do you all do for insurance on your units? 

Do you have someone you can recommend who understands and insures co-living and pad split properties?