Did you know that 28% of the national housing stock falls under the multi-family category? Duplex and other multi-family dwellings are becoming more popular. Consequently, more landlords are interested in owning these types of properties. If you plan to invest in a duplex, you must have duplex insurance. This article will explain everything you need…
Duplex insurance costs are skyrocketing, with average home coverage hitting $2,267 annually this spring. Do you own property in climate-vulnerable regions? If so, you’re paying a whopping 82% premium markup compared to those in safer areas. You’re probably wondering, “How to get duplex insurance without emptying my bank account?” From our experience, most duplex owners…
Thinking about turning your single family home into a duplex? With housing demand on the rise and zoning shifting in favor of multi family living, many homeowners are jumping in to create extra income or house extended family. Here’s the thing, though: converting a single family house to a duplex is more than just a…
Think about this: most tenants can protect their possessions and shield themselves from liability for just $13 a month! That’s right. Renters insurance policies with $15,000 in personal property protection average only $157 annually in the U.S. Still, many rental lease agreements lack clear insurance clauses in duplex rental agreements, creating headaches for everyone involved….
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…
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