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Updated about 3 years ago on . Most recent reply

User Stats

7
Posts
4
Votes
Victor Genel
  • Rental Property Investor
  • Elgin, IL (Elgin)
4
Votes |
7
Posts

Jumping through loops for an insurance company

Victor Genel
  • Rental Property Investor
  • Elgin, IL (Elgin)
Posted

Hello all, this newb is requesting some sage advice.  I live in Elgin, IL and have a contract for a single family home in Benton Michigan that I will utilize as a short term rental.  It was build in 1920 and the people from Proper is asking for details on wiring and plumbing because of their concern of old style wiring and plumbing. I would need to hire inspectors.  The lending coordinator for the loan is asking for documents to be furnished ASAP or within 24 hours.  Is this normal practice?  Proper is highly recommended and I really want their coverage, but my closing is in 30 days.  Is that enough time? Is there another insurance company that don't require this?  Please advise.  TIA

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