Homeowners Insurance for a rehab that will be vacant.

[Al F]

Is it going to be hard for me to obtain HO insurance on a property I am buying that is a rehab and will be vacant during renovations? I heard it may be. If it is possible which I am sure it is, am I looking at paying a much larger amount as opposed to an occupied property. Any info on this subject would be greatly appreciated.

Also, do I have to buy a full year insurance if I only plan on holding the property for a few months. Can you pay month to month or get a refund for the unused months if I buy the full year policy.

Thank You for any answers.

[Jeffrey K.]

Make sure you change your policy to "builder's risk" while you are working on it.