Does house insurance for a duplex cost more than for single family?
December 28th, 2009 | by The Broker |
Ted (Canton,OH) asked:
I was wondering if house insurance for a duplex costs more than for single family homes.
I was wondering if house insurance for a duplex costs more than for single family homes.
2 Responses to “Does house insurance for a duplex cost more than for single family?”
By linkus86 on Dec 31, 2009 | Reply
Yes because part of the property is not owner occupied. Regular non-owner occupied is always alot more, but a duplex may not be as drastically different.
By JustMe on Jan 2, 2010 | Reply
I own both single family and duplexes that I rent out. The cost is not higher per address, but the insuance is calculated as two seperate residences for the duplexes. I do not pay them as a single building.