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Updated almost 10 years ago on . Most recent reply

User Stats

32
Posts
8
Votes
Stuart Cairns
  • Investor
  • Alexandria, OH
8
Votes |
32
Posts

Property Insurance during renovation

Stuart Cairns
  • Investor
  • Alexandria, OH
Posted

I will be closing on my first investment property mid August. It is a 3 unit but one of the units requires renovation. It has been stripped down to the studs. I have applied for a 203k loan and in the final stages but my insurance company just turned down the policy due to the construction. Does anyone have a company they use and can recommend for a similar situation.
2 units just need cleaning and painting, the 3rd unit needs drywall and the kitchen replaced.
Thank you for any advice.

Most Popular Reply

User Stats

301
Posts
82
Votes
Kyle Gregg
  • Baltimore, MD
82
Votes |
301
Posts
Kyle Gregg
  • Baltimore, MD
Replied

Allrisks is providing me coverage right now for my full gut job 203k. 

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