Forum Archive: Posts by: lhb

We have a 2 famimly house that includes “professional space” on the C of O (the 1st floor was a doctor’s office when we bought it). We’re now living on two of the floors and have rented out a few rooms on the first floor as offices. Nothing fancy–we’re just giving an affordable room to a few writers/artists in the area…no living allowed.

We’re now concerned about whether we need to change our insurance coverage, which is currently for a 2-family. The licensing agreement we signed with the office renters states clearly that they must all carry their own insurance and are liable for all damage to the property that they may cause. But we’re still worried that if something happens, our insurance company will use this as an excuse not to pay. For obvious reasons, we don’t want to check with them directly yet.

Does anyone have experience with this? We’re willing to pay a bit more in insurance fees but worry that adding the commercial component will put our rate through the roof. (The house is a wood frame, with an extensive sprinkler system in every room…if that matters).

Any advice for those of you familiar with this would be much appreciated.