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Updated about 6 years ago on . Most recent reply

Patty Capson's profile image
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Patty Capson
  • Investor
  • from Centennial, Co
  • Member since Sep 14, 2019

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Patty Capson's profile image
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Patty Capson
  • Investor
  • from Centennial, Co
  • Member since Sep 14, 2019
Patty Capson
  • Investor
  • Centennial, Co
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General Landlording & Rental Properties

Insurance requirements for my new multi family

Patty Capson
  • Investor
  • Centennial, Co
Posted

I purchased a triplex in Aurora Colorado. I have hazard insurance and an umbrella policy.  Do I also need a landlord policy?  

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James Carlson
  • Real Estate Agent
  • from Colorado | stan.store/JamesCarlson
  • Member since Nov 10, 2014

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James Carlson
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James Carlson
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  • Colorado | stan.store/JamesCarlson
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James Carlson
  • Real Estate Agent
  • Colorado | stan.store/JamesCarlson
Replied

@Patty Capson

First off, congrats on your triplex! Any multi-unit find in the Denver area is a good one. Does it happen to be on Dallas? I looked at a triplex out there with some buyer-investors. 

Anyway, yes, you'll need a landlord policy on the property first and foremost. Your insurance agent should be able to explain the difference and why it matters.

Good luck!

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James Carlson Real Estate

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