Homeowners

At what point does rental property require habitational insurance rather than a landlord policy?

The typical threshold is four or more units. A landlord dwelling policy (DP-3) works for single-family homes and smaller duplexes or triplexes. Once a property has four or more units -- apartment buildings, assisted living, student housing -- most standard market carriers require a habitational commercial program. Underwriting factors including building age, construction type, and occupancy type all become relevant at the commercial level.

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At what point does rental property require habitational insurance rather than a landlord policy?

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