House Hacking Insurance

[Lindy McConnell]

Hello everyone, just a quick question about insurance while house hacking. For my first property, I intend to live in one side and rent out the others. So for the insurance, should I go for a homeowners policy or a renters policy? Thanks! Lindy

[Ned Carey]

My guess is that a homeowners policy is cheaper. Even though it is apparently a multi unit it probably qualifies, if it is 4 or less because you are there on site to minimize the risk.