Can I use H06 insurance coverage?

Question

This is for my townhouse that is being rented to a tenant.

The association has a blanket policy of $839K for 8 units and the appraisal for my unit only is $167,100. How much my blanket policy should cover?

Or do I have to use DP3 insurance coverage?

Answer 1

HO6 only applies to the owner.  Your tenant is responsible for their coverage on their personal property.  You can get a DP3 with like $5000 on the dwelling and you can get some personal property coverage.  This policy will also cover your liability.

Answer 2

you cant use an HO6, thats only if you live in it.  contact an agent and get it put on a commercial package policy.  this allows you a LOT better coverage than a DP policy and it will allow you high limits of liability and the rates are usually a LOT lower.  you get much better coverage for less $.