If only appraisers valued detached ADU the same as main dwelling I'd be more than 3x construction cost.ha.

It only has separate electricity and internet line; shares water with the main one.Now the agent/citizens are saying this:The new policy for the small unit will be $3,158 a year for a coverage of $88,700For the big unit coverage amount to $177,900 premium for this dwelling is 4,136.00So the total of $7300; which seems insane for these coverage amounts!

(from our Property Rules Addendum)Tenant acknowledges that it is necessary for Tenant to maintain appropriate climate control, keep the dwelling unit clean, and take necessary measures to retard and prevent mold from accumulating in the dwelling unit.

If you buy multiple, inquire about a commercial policy covering the dwelling and recommend to tenant to carry a renters policy.

The LLC pays the full amount of $300,000.Umbrella insurance policy ($10,000 deductible/$1,000,000 coverage): The dwelling insurance picks up the liability max.

Word of caution they wont allow you to use the future income to qualify going in, but will allow you to get a partner or co-signer.https://www.denvergov.org/content/denvergov/en/denver-development-services/home-projects/building-expanding-a-home/detached-dwelling-carriage-house.htmlGood luck keep us posted

Hello everyone.

Me and my wife currently live in Metairie, LA and our property has a guest house detached from our home. The property is zoned R1A. Its current use is an office and photo studio for my wifes business....

Assuming it is and you dont own more than the property is worth a standard dwelling fire policy/landlord policy would be fine if you insure for replacement value.

There are 4 reasons to require tenants to get renter's policies.1) Liability, if your tenant is legally responsible for anyone's financial loss (injury, slander, property damage, etc) AND they do not have means, YOU may be pursued as additionally liable. 2) Structure Coverage, your property improvements if damaged beyond wear and tear by your tenant may be covered by your tenant's liability coverage instead of your dwelling coverage.3) Contents Coverage, not all Landlord policies are the same in the provision of contents coverage for tenants.

With respect to single family dwellings (1-4 units) owner or non-owner occupied, HUD has jurisdiction over any state law.