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Updated about 3 years ago, 12/10/2021
Multi-Family Home Insurance Policy in NJ
Good afternoon BP, I am currently looking at purchasing my first investment. It is a triplex and looks to be a sound fist investment. I am wondering what kind of insurance I will need as I will be both living in one unit and then renting the other two out. What type of policy is required/recommended? And also what kind of rate I should be expecting to pay for this type of property (Being 23, I don't know if age makes a difference quite like an auto insurance policy?) compared to what others are paying. If anyone has suggestions for companies too that would definitely make a great starting point for me.
This is my first time purchasing a house so I am unaware of all things that go into a home insurance policy. Thanks for the help.
- Matt