Turning A Commercial Building Into A Residential Building, What Type Of Insurance Would I Need? 
This is a little more complicated than it appears on the surface . The biggest determining factor is the use of the building . If the building is still being used for a business , it needs to be covered under a commercial package with property and liability coverage . If it is no longer being used for a business , you could insure it as a home . If it 's a major renovation it would be prudent to add a builder 's risk endorsement to the home policy . if it 's available through that company . This would give coverage for building materials that are on site but not yet installed . If this is the case , the replacement cost would be estimated at the cost when the renovation is finished . If the goal is to save money , my question would be this : do you want to save money in premiums or if there 's a claim ? Insure it correctly , whether it 's commercial coverage or a home . These are small dollars in comparison to what you would lose if it was n't insured correctly . The premiums on a home policy are undoubtedly lower than for a commercial property , but do n't take the chance that your claim is denied because you 're carrying home insurance on a commercial property . Find a good agent you can trust . He or she will be able to speak with the company and get you the coverage you need and , in the long run , save you money . 