Did you know that in 2023, the number of multi-family homes, including duplexes, was expected to reach more than 155 million? Getting them insured may sound straightforward, but from our experience, it isn’t as simple as picking one up off a list. Many owners also get the wrong insurance, which is understandable. It’s easy enough…
Did you know that more than 2 million rental properties in the U.S. are duplexes? That’s a lot of potential for unexpected disasters like fires, burst pipes, or tenant liability claims. As a duplex owner, you’re juggling two units, two sets of tenants, and double the risk. What happens when disaster strikes and you must…
In our last guide, we discussed long-term vs short-term duplex insurance. Now, let’s focus on a question duplex owners often ask. Do you need separate insurance for each unit in a duplex? The answer to the question is it all depends on your setup. Some agents might insist that it has to be the same…
Our last article talked about how to lower your duplex landlord insurance cost. Now, we’ll discuss a different aspect of duplex landlord insurance. Do you own a duplex property and are trying to decide between long-term vs. short-term duplex insurance? Although they have several things in common, the two are different. Picking one isn’t as…
Did you know the average landlord insurance policy can cost at least 15% more than standard homeowners’ insurance? For duplex owners, the cost may even be unnecessarily higher. Check out our previous guide on duplex landlord insurance vs homeowners insurance to know more about the difference between the two. From our experience, we notice that…
Did you know 64% of landlords are underinsured? For duplex owners, this statistic is a big deal. Without the right coverage, a sudden mishap like tenant damage or unexpected repairs can mean covering huge costs out of pocket. Speaking of tenant damage, you might want to lessen that risk and check out our guide on…
Our last article talked about the loss of rent coverage for duplex landlords. Now, we’ll cover tenant screening and how it affects your insurance. As duplex landlords, tenant screening might seem like just another step in finding the ideal renters. However, do you know it also directly impacts your duplex insurance rates? While it’s true…
There are a lot of duplex landlord insurance risks, and one of them involves losing rental income, but there’s a way to protect yourself from that. However, did you know that not all companies include loss of rent coverage for duplex landlords in their standard policy? The truth is that some of them offer loss…
Landlord insurance is a must-have for any duplex property owner, but not just any landlord insurance. If you own a duplex you’re renting out, it’s better to get landlord insurance specifically for a duplex. This means considering important aspects like calculating landlord insurance for a duplex and ensuring you have adequate loss of rent coverage…
Are you figuring out how to calculate landlord insurance for duplex properties but find it confusing? It doesn’t have to be. It’s just a matter of simplifying some steps first. Knowing how to calculate your insurance costs will help you get the best coverage for your property and avoid being underinsured. From our experience, we…
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