Updated over 11 years ago on . Most recent reply
Insurance on multiple unit building when you live in one.
If you live in one of the units in a multiple unit building you own, do you still want landlords insurance? Or would you go with home owners?
Most Popular Reply
@Benjamin Timmins Don't get caught up on names like "landlord insurance" and "homeowners insurance." You need a policy for a multifamily policy, and you need coverage for your personal property that's in it.
Just open the conversation with "I need coverage for a multifamily building, and I'm going to occupy one of the units" and let the agents do their jobs. Get a few quotes, though, and definitely include a quality broker in your search. Lots of factors can affect the premium cost and the details of the coverage for a multifamily building.