Duplex insurance saves homeowners thousands annually effortlessly
Duplex insurance typically includes several key coverage areas:
- Property Damage: Covers the physical structure of the duplex in events like fire, vandalism, or natural disasters.
- Liability Protection: Provides coverage in case someone is injured on the property and decides to sue.
- Personal Property: Depending on the policy, it may cover personal belongings in both units.
- Loss of Use: Offers financial assistance if tenants need to relocate temporarily due to repairs.
These comprehensive coverages ensure that both the homeowner and tenants are protected, making it an attractive option for those renting out a unit.