Insurance 4 Raw Undeveloped Land
I have always had insurance on land I buy and hold for future development. In this situation I have a piece of land that requires a home to be demolished before it becomes just a lot. Any recommendations on the best route for insurance in this situation. The demo should take place within 30 days pending Asbestos inspection. It is not fenced off and is zoned residential but it is on a busy highway that can be easily converted to commercial due to it being in county not city.
I appreciate any input. I have a quote from NREIG/REinsurePro insurance program which is cheap as expected but just looking for more input.
Thank you.