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Updated almost 3 years ago,
Insurance questions regarding a shop
Hi,
I have a shop on the same property as my house located in town in a residential area. The shop has three units, all under one utility bill. No water, no sewer. Just heat and electricity that I pay.
I want to rent out two shop units to people who might want a small work space for a car or a project and I keep the third one for my personal use. The entire property is listed as a single family home.
I spoke with my home owners insurance and it doesn't seem like that's an option. So I started looking into a commercial policy for the shop. Does anyone have a similar property and if so what did you do to get proper insurance. And maybe a few insurance company recommendations. Any idea what a policy like this might cost?
Thanks