Properties Covered      Coverage Options      Savings Ideas      FAQ      Tools for Landlords or Property Managers

Income Property Insurance

Do you think you pay too much for tenant occupied property insurance?

Frequently Asked Questions

<More FAQs

I live in a building I own that has rental units in it. What insurance should I have?

Answers:

• 2 Family Homes - Most of the time if you are living in a 2 family house and renting the other apartment a Homeowners insurance policy would be appropriate. Please contact us today at 607-843-8860 or insurance@drickardinsurance.com and take a look at our Homeowners insurance information page.

• 3 and 4 Family Homes - Usually insurers will require that you insure these on a Landlord policy and then, to protect your Comprehensive Personal Liability and your personal possessions (personal property) a renters policy will be required. However, we have found a solution that will allow you to buy one Homeowners insurance policy rather than two policies. Since you are buying only the one policy and Homeowners policies tend to be less expensive than Landlords insurance we can probably help you to save money. Please contact us today at 607-843-8860 or insurance@drickardinsurance.com and take a look at our Homeowners insurance information page.

• Great, I am the sole member of my LLC that owns my home, now what? – We still have ways to take care of your personal interests and that of you LLC in one policy. Please contact us today at 607-843-8860 or insurance@drickardinsurance.com

• 5 or more family structures - In most cases an owner occupied property that is a 5 or more unit building can be insured on Business Owners Policy that has a special price for apartment occupancy. The resident owner will need to buy a type of Homeowners insurance called a renters policy. We can help with this type of insurance need also, please contact us today at 607-843-8860 or insurance@drickardinsurance.com.

For more information and to find out if your tenant occupied property qualifies for the insurance policies we have found please contact us insurance@drickardinsurance.com or 607-843-8860.

Click Here to send us basic information for an insurance premium indication.

Did you find the answer to the question that you were looking for? You can check our other Frequently Asked Questions Here. Or if your question is not here, please contact us at insurance@drickardinsurance.com or 607-843-8860, or you can ask our agents on live chat that can be found on the left of the screen.

Sign up for our Landlord Newsletter to get many helpful tips on how to make sure you are covered and save money on your landlord policy!