Author Topic: Insurance for Owner-Occupied Triplex?  (Read 1989 times)


  • 5 O'Clock Shadow
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  • Posts: 4
Insurance for Owner-Occupied Triplex?
« on: March 10, 2015, 02:16:05 PM »
My wife and I are considering the purchase of a triplex. We would live in one of the units, and rent the other two. I just received a quote from USAA (who insures our single-family house), and it was approx. $2300/year. Seems steep!

Anyone have any recommendations on insurance companies that will insure an owner-occupied duplex? And what should I reasonably expect to pay?

Thanks in advance!



  • Stubble
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  • Posts: 178
Re: Insurance for Owner-Occupied Triplex?
« Reply #1 on: March 12, 2015, 10:52:25 AM »

When we lived in our duplex just about anybody would write the policy (State Farm, AAA Insurance, Farmer's, etc.).  That changed significantly when we moved to a single family place and rented both sides.  Maybe insurance rates are really high in your area, the place is super nice, or the company didn't understand it will be owner-occupied (or maybe that's a difference between duplex and triplex).  Our dwelling fire policy on a 100 year old duplex in Minneapolis is ~$1500/yr.  When we lived there (a few years ago) it was more like $1000/yr.  I can see how risk goes up if the owner is not regularly present.