Home Insurance for HouseHacking

[Michele Granata]

Give me your best advice in choosing home insurance for a new househacking property?  The must haves, what to avoid, and which companies you've had best experiences with when needing to utilize the insurance. Thanks!

[Kenny Smith]

@Michele Granata 

great question!  So currently I have my policy with liberty mutual. More and more insurance companies are adopting the specific coverage called "home share" coverage.  You need to make sure you have this coverage when house hacking.  It is not a landlord policy because you will still be living there.  Once you move out however, then you'd switch it over to a landlord policy.

If it was me, I'd work with an insurance broker who would go out and shop rates and this coverage with all the big insurance companies.  Best part, their fee is paid by the insurance company not you!  So it's a win-win in my book.

Let me know if you're looking for a good one, I have a guy I work with.