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!!