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41
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11
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Jeff Plotkin
  • Rental Property Investor
  • New York City, NY
11
Votes |
41
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Trouble getting insurance prior to close

Jeff Plotkin
  • Rental Property Investor
  • New York City, NY
Posted

I am in the middle of closing my first ever deal on a SFR. I am using a fixed-rate, 30 year conventional mortgage that requires me to get homeowners insurance. My insurance agent, however, says I cannot get insurance until I repair everything that was an issue on the inspection. Is this a typical scenario? How is it possible to get insurance prior to making the needed repairs?

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