Home Insurance - Derelict House
Hi all, question regarding homeowners insurance on a property I am considering purchasing. I've had a look around on the forums, but can't find any information, so apologies if this has already been addressed somewhere. The house is currently uninhabitable - needs a new roof, windows, etc. I spoke to a couple of insurance companies regarding insurance, and because of it's current state, they will not write a policy on it…once it is habitable they would, but not right now.
I'm sure I'm not the first person to experience this, so looking for thoughts on how to handle insuring the property while I'm making it habitable. Also, this would be an all-cash sale, so wouldn't have to worry about any mortgage-related issues.
Any thoughts/suggestions would be extremely helpful, thanks in advance!
Trent