Insurance on vacant property

3 Replies

Does anyone know of an insurance company that would insure a vacant 5 unit apartment building in western NY? I evicted all the tenants after I Afghanistan, because of the damage they caused while I was away. I will probably deploy again soon and don't want to come home to another mess. Plus I don't have time or money to fix it now.

@Gregg Reinbold this might be a better question in the New Jersey forum?  Or maybe the "Multi-Family" forum?  You might get better responses there.  This forum is usually for military types of questions and I think those other areas might be a better fit for this type of a post.  

@Gregg Reinbold   Thank you for your service.

Regarding your vacant 5-unit multifamily, is the damage that bad that you can't get a Realtor to lease up some of the units?  Then hire a Property Manager to manage the property for you while you are deployed?  As you know, Insurance companies don't want to insure a property that is vacant (I've gone through that myself quite a few times).  It sounds like an awesome property (five units) - it's a shame that it can't be generating some revenue for your while you are deployed.

Contact Anthony Lee at Cobalt Steele, he is on BP.

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