Insurance for a Student Rentals with Knob & Tube: Is it Possible?

[Will Gaston]

All:

Looking for insurance for a triplex I'd like to buy and my long-time insurance agent seems to think it is uninsurable because it has knob and tube wiring in it.

Does anyone know of *any* insurance provider that will 1) allow for knob & tube *AND* 2) allow for undergraduate student rentals? My experience is that either is a deal killer for almost every insurer.

I am *not* looking to or willing to hide either of these facts from the insurer as I want to properly insured.

Additional context:

-Knob and tube has been removed from the crawl space...there could still be some in the attic and there is definitely some in the walls

-It has also has had 3 federal pacific panels that were recently replaced (Owner says the new ones are 200, 120, and 140?)

-It does not have central heating/air

-It has plaster walls and would likely cost ~$50,000 to re-wire