Owning a duplex and renting out one unit can be a great way to offset your mortgage, but it also comes with unique insurance needs. A standard homeowners insurance policy may not provide enough coverage, leaving you financially vulnerable in case of tenant-related damages or liability claims. In this guide, we’ll break down the key insurance policies you need as a duplex owner, including homeowners insurance for your primary residence and landlord insurance for your rental unit. Keep reading to ensure you’re fully protected!

Owning a multifamily residential apartment building is a significant investment, and protecting it with the right insurance coverage is essential. Learn about the key policies, factors affecting premiums, and how to minimize risks while maximizing protection.