Do You Need Duplex Rental Property Insurance?
- Nate Jones, CPCU, ARM, CLCS, AU
- Nov 2
- 2 min read
If you own a duplex or plan to buy one, you might be wondering: Do I really need duplex rental property insurance? The short answer is yes—and here’s why.
What Is Duplex Rental Property Insurance?
Duplex rental property insurance is designed to protect landlords who rent out one or both units of a duplex. It’s similar to landlord insurance but tailored for properties with two units under one roof.
This coverage typically includes:
Property Coverage: Protects the building against fire, wind, hail, and other perils.
General Liability: Covers injuries or property damage claims from tenants or visitors.
Loss of Rents: Reimburses lost rental income if your property becomes uninhabitable after a covered loss.
Why Is It Important?
Owning a duplex comes with unique risks:
Two sets of tenants = double the liability exposure.
Shared walls and systems increase the chance of damage.
Mortgage lenders often require insurance before closing.
Without proper coverage, you could face tens of thousands in out-of-pocket costs for repairs or lawsuits.
Does Homeowners Insurance Cover a Duplex?
No. Standard homeowners insurance only covers owner-occupied single-family homes. If you rent out one or both units, you need a landlord or duplex rental property policy.
How Much Does Duplex Insurance Cost?
Costs vary by location, property value, and coverage limits, but most duplex policies range from $700 to $5,000 annually. Pro Tip: Working with an independent agency like Wexford Insurance ensures you get the best rates from multiple carriers.
Where to Get Duplex Rental Property Insurance
At Wexford Insurance, we specialize in rental property coverage nationwide. Whether your duplex is in Arizona, Texas, or California, we can help you find affordable, comprehensive protection.