This, along with their renter’s insurance, will cover the cost of replacing their damaged property. This is the most common form of this policy, but you can add additional protection, like the protection of your tenant’s property. Tenant-occupied dwelling insurance is designed to cover a building that houses tenants but is not your primary residence. Muller Insurance offers several policies for multi-unit dwellings, and with some providing the coverage necessary for owning a multifamily home. What Types of Insurance Cover Multi-Unit Dwellings? If the building you own or live in meets these requirements or can be renovated to meet them, your building may qualify as a multi-unit dwelling. Here are a few examples of what’s considered to be a multi-unit dwelling: Whether these are connected side-to-side by walls or stacked on top of each other, these are both multi-unit dwellings. What Is a Multi-Unit Dwelling?Ī multi-unit dwelling is any structure or building that contains more than one private living space. Here, we describe the important things to know about multi-unit insurance policies and the coverage they afford.
Muller Insurance offers multiple types of insurance that cover your building and certain liabilities that come with renting units to non-family members. If you own a building with multiple private units or are seeking to rent out separate living spaces to potential tenants, you need to find out which form of insurance protects you the most. Hair Salons, Barbershops, and Nail Salons.
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