Companies that handle Landlord Insurance for Student Housing

[Dawn Wilkins]

Have a SF rental in Pittsburgh area. Looking to convert to student housing ie all undergrad. Apparently this is a niche market. At this point, looking for anyone to give me coverage. Extra glitch: House is jointly owned with my LLC and my daughter which since she will no longer be the occupant makes it a commercial property which narrows the field further. Didn't think it would be an issue given the number of colleges in town. I guess the smaller guys are lying or don't have insurance. Not my ideal situation. Any suggestion appreciated.

[Bill Gulley]

Well, this may be a state specific thing, I have not seen a student question, but I got my policy several years ago and it just renews. I've not seen any special provisions either.

That question would seem to have an issue in fair housing, also if that student were also a covered applicant type leading the claim further. 

Absolutely if it's in an LLC it's a commercial policy. Seems we have had single family policies (1-4 units) and multi-family (more than 4 units) and I can see the question asked on multi-family. I can also see zoning requirements for student multi-family, but not a single family home.

Be that as it may, you insurance agent will guide you. If there is a question, yes you must disclose your intentions. I actually do see this insured class having greater risks, but that can be managed knowing who mom and dad are and having contact with them and the kid, lay down the law!

And no, I never meant to imply lying on an application! A rental house is simply a rental house, limited exposure a far cry from multi-family complexes. Good luck :)