Master Condo Insurance for duplex with <51% owner occupancy

[Johannes Schunter]

Hi landlords, I need your wisdom! I own one half of a duplex condo building  (quite common in Connecticut), I moved out of my unit a year ago and now rent it out for nice Cashflow. So does the owner of the neighbor unit. We both manage our own units, and just pay a master condo insurance for all exteriors/yard/fence together. Our insurance provider just informed us that they will not extend our joint master condo insurance next year, because they don’t insure condo buildings where more than 50% of units are rented out and not owner-occupied (I don’t know why that is an issue for them). We both don’t plan to move back in anytime soon, and are weary that we might have to sell if we don’t find a solution. Do you know of any insurance providers that would still insure our building even if it’s fully rented?