Renting by the room - Insurance?
I'm in the process of purchasing a 5bd/2ba in Denver as a primary residence. As an individual I obviously don't need all 5 beds so I'm planning to rent out 4 of them to other young professionals in Denver.
Does anyone have experience with the insurance requirements for this? I know that a typical homeowners policy won't cover liability, etc. for this scenario so I'm curious whether people ended up buying.
It looks like the two main avenues are an add-on to existing homeowners policies or getting a separate landlord policy.
Would love to hear from some people that have rented by the room