Insurance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply
Calling all Insurance brokers!!
I am having some Insurance issues with our duplex. The house is over 100 years old, and has knob and tube electrical. We are in Ohio and it was grandfathered in and is up to code. However, our insurance broker said because it’s a rental, and has knob and tube, they won’t insure it. Is this the general rule across the board? It’s going to cost an extra 5k to replace it all plus the wall repairs. I wondering if I need to bite the bullet and replace it, or find another insurance broker. Any thoughts would be very much appreciated!!
Most Popular Reply
Remington Lyman
#3 Out of State Investing Contributor
Agent
Pro Member
#3 Out of State Investing Contributor
- Real Estate Agent
- Columbus, OH
- 6,619
- Votes |
- 5,630
- Posts
Remington Lyman
#3 Out of State Investing Contributor
Agent
Pro Member
#3 Out of State Investing Contributor
- Real Estate Agent
- Columbus, OH
@Jon Dittrich My insurer either does not know about my knob and tube or does not care.
- Remington Lyman
Reafco
12 Reviews
5.0 stars