Often, the question gets worded as something along the lines of, “I own a duplex and live in one side and rent out the other side, what type of insurance do I need?” Other times, we may be asked, “I own a single-family home that I rent out to a tenant, my tenant doesn’t need insurance because my insurance covers their items, correct?”
No matter how the question is asked, the answer usually not as simple as yes or no. In today’s world, ensuring you have the right insurance coverage to protect yourself (and your tenants) is crucial. A local agency here in Tampa, Omega Insurance Agency, provides the following valuable information to explain the details a little further.