Owner-Occupied Dwelling Insurance
Owner-Occupied Dwelling Insurance in NJ, NY, CT, PA and Other States
Living in your own multi-family building allows you to cut costs and stay close to tenants who may need your attention. Everett Insurance provides affordable owner-occupied policies that cover both the building and your belongings. Coverage is offered in New Jersey, New York, Connecticut, Pennsylvania, Nevada, and other states.
What Is Owner-Occupied Dwelling Insurance?
Owner-occupied dwelling insurance is a specialized type of property coverage. If you own a building with multiple family units and live in one of them as your primary residence, this policy is designed for you. Similar to a homeowners policy, it protects both you and your personal belongings. Coverage includes the following:
Smoke and fire damage
Snow, hail, and storm damage
Theft and vandalism
Overall building structure
Common areas (entrances, roofs, hallways, elevators)
Floors, walls, and ceilings of tenant-occupied spaces
Residents of the other rental units are responsible for securing their own renters insurance to protect their personal belongings.
What Additional Coverage Options Are Available?
A standard owner-occupied dwelling policy is sufficient for many property owners, but some may require additional protection. Given the unique risks of each property, owners often consider these coverage add-ons:
Standard dwelling policies often exclude flood damage. Additional coverage is recommended for buildings near bodies of water.
Earthquake coverage
Earthquake damage is typically not covered by standard policies. If your property is in a high-risk area, additional coverage is a wise investment.
If you keep high-value items in your apartment, consider additional coverage to protect them against danger. This can include antiques, fine wine, rare collectibles, and other priceless belongings.
Rental properties carry a higher risk of lawsuits. Umbrella insurance extends your liability protection when legal issues arise.
Workers’ compensation
Required in many states for employees maintaining the building or grounds, workers’ compensation also helps injured employees recover and return to work.
Discover the Best Policy for Your Needs
At Everett Insurance, we take pride in the strong reputation we’ve earned for service, integrity, and expertise. Our team is committed to helping clients find high-quality insurance policies that meet their individual needs and budgets.
As an independent agency, we’re able to partner with a wide network of trusted carriers—giving our clients access to competitive rates and comprehensive coverage options that larger, single-provider agencies simply can’t offer.
We work with leading names in owner-occupied dwelling insurance, including Chubb Insurance, Plymouth Rock Insurance, Travelers Insurance, and The Andover Companies, among others.
Get a Quote Today
When it comes to protecting your property, it’s always best to be prepared. Owners across New Jersey, New York, Connecticut, Pennsylvania, Nevada, and other states can rely on Everett Insurance to provide comprehensive owner-occupied dwelling insurance designed to safeguard what matters most.
By reviewing your unique needs and financial goals, our team develops personalized, high-quality policies that offer the right level of protection at a price that fits your budget. We also identify bundling opportunities and available discounts to help you maximize your savings.
For more details about our owner-occupied dwelling insurance options or the carriers we partner with, contact Everett Insurance today or request a quote online to get started.