Did you know that nearly 9 out of 10 homeowners haven’t bumped up their dwelling coverage limits or added crucial protections in the past year? This means tons of folks are walking around with too little insurance coverage against skyrocketing construction costs and inflation. This problem hits duplex owners especially hard since they’re juggling both…
Sure, owning a duplex means having a property with great rental income potential. However, it also means taking on key duplex owner insurance responsibilities to protect both the property and the people living in it. With over 45 million rental units across America, demand for rental property remains strong. Unlike homeowners’, however, tenants’ personal property…
Duplexes represent a massive portion of American housing with over 2 million units nationwide. You’ve made a smart investment, but now comes the tricky part: getting the right insurance! From our experience, most duplex owners struggle to understand exactly what protection they need. Beyond simply having insurance, the focus should also be on obtaining the…
Owning a duplex is a smart investment, but only if it’s properly insured. You might be shocked to learn that over 6 million American households have no home insurance at all, leaving a staggering $1.6 trillion in property value completely unprotected! This risk multiplies when you own a duplex. Compliance with duplex insurance is absolutely…
Short-term rentals are booming, and the numbers prove it. In just a few years, this market is projected to skyrocket past $8.9 billion, opening up major opportunities for property owners who want to generate rental income. Here’s what many don’t realize, however: Without the right insurance regulations for short-term duplex properties, that extra income could…
Owning a duplex comes with a unique set of responsibilities, and owner occupied duplex insurance requirements are one of the most important aspects to get right. From our experience, many first-time duplex owners assume their standard homeowners policy will cover everything, only to find out the hard way that it doesn’t. In fact, data shows…
Owning a duplex can be a fantastic investment, but when insurance coverage questions pop up, things can get complicated fast. From our experience, issues often arise when an insurance company denies a claim, leaving duplex owners scrambling to determine who actually pays for damages caused to the structure or personal property. This isn’t just a…
Home insurance costs have been rising fast, and if you own a duplex, you’ve probably felt the impact. New policy rates jumped an average of 17.4% in 2024, making it more important than ever to understand your coverage. You need to know how to get duplex insurance. From our experience, many duplex owners overlook key…
Most duplex owners don’t realize how much mortgage lender requirements for duplex insurance can impact their loan approval. That is, until they run into a roadblock. Here’s something that might surprise you: homeowners who purchased an insurance policy in 2021 are now paying, on average, 69% more in 2024. That’s an extra $865 per year,…
Our next batch of articles are going to focus on the legal aspects and regulatory compliance of duplex landlordship. Our last article, for example, was about fair housing laws for duplex insurance. Now, we’ll cover liability insurance requirements. If you need a detailed guide on how to get duplex insurance – please read this guide….
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