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Updated almost 6 years ago,
I can't buy home owner insurance for my rental property, true?
I just got my first duplex and I want rent out. I got a mortgage, so the lender requires Home Owner Insurance so I went out and get one, but the insurance agent said they can't offer it if I don't live in the property. Is this true? If so, how do I get insurance that satisfy lender?
Thanks in advanced for all the answers.
Ton Ratana.