In the case of the tenant, notice is served at the tenant's last known place of residence, which may be the dwelling unit.D.

*Side note some policies may offer "Repair Cost" settlement which is a nice option that falls in the middle of RCV and ACV and may not require you to insure the dwelling at the full replacement cost estimate.For those outside the major Ohio cities you may have a small stroke hearing someone say to insure it for less than the full RCV.

And like we said upgrading service from the street.These are 4 bedroom family dwellings.

UPDATE: After doing some more research there is something called an ADU (Accessory Dwelling Unit) that should allow us to do this 2 unit strategy. 

I know notice is needed to access the dwelling. 

Many carrier will use the replacement cost as baseline for dwelling coverage.

Tom,About the only thing that was accurate on what you were told was that a Homeowners Policy is not the right type of coverage for a non-owner occupied dwelling. 

Regardless of where a family is from or what class of housing you provide, the dwelling must be safe.

Thanks, StephanieAccording to one of the local Homestyle lenders, an accessory dwelling unit aka ADU aka guest house does NOT qualify as a one unit dwelling if the home is an investment property.

You can get a Dwelling fire policy for up to 4 units. 5+ you are now needing a commercial policy.