Builders Risk Non-renewal

[Isaac Camacho]

So I am 4 weeks away from closing on two duplex apartment buildings, however, the insurance company that my contractor had builders risk with decided to not renew the insurance policy.  No claims have happened and they simply stated that the project was taking to long to complete. Now that puts the project in a position were no one will give us builders risk because either the project is already started or the simple fact that I was not renewed gives off red flags. I can not get home insurance because the project is not complete, the bank that this is financed with requires insurance for this to continue or to even close. This is being done with a construction loan that will be converted into a mortgage. Anyone have experience with this or know of a insurance company that can help?