Insurance needed for a buy and hold
Hi,
We have bought a property in Newark and almost done with the rehab. I need to get it insured but having a hard time finding insurers for vacant properties. Any recommendations please?
Most Popular Reply
Hey @Fahima Hilal,
There are several companies that I can think of that will insure a vacant property. Foremost is my preferred carrier and they will take vacant properties all day long. I have done several rehabs with them as the Carrier. Also you can look into Us Assure (builders risk nationally )and AU Gold(Lessors Risk, Builders Risk and Vacant properties Except in NY) those two companies specialize insuring vacant/rehab homes. Your best bet is to contact a Farmers agent as they will have access to all 3 of those companies. Best of luck.