Updated over 5 years ago on . Most recent reply
Insurance for occupied rehab property?
Hello all,
I had a duplex under contract that needed rehab. I wasn't able to get any sort of insurance because it needed rehab AND was occupied on one side. Builders risk coverage seems to be for vacant properties, landlord for occupied but must pass inspection, and vacant home insurance doesn't fit the bill either.
Does anyone know of a way to get insurance during the rehab if there is a tenant in place?
I had a duplex under contract that needed rehab. I wasn't able to get any sort of insurance because it needed rehab AND was occupied on one side. Builders risk coverage seems to be for vacant properties, landlord for occupied but must pass inspection, and vacant home insurance doesn't fit the bill either.
Does anyone know of a way to get insurance during the rehab if there is a tenant in place?