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Updated almost 6 years ago,

User Stats

101
Posts
63
Votes
Michael Klinger
  • Rental Property Investor
  • Rancho Mirage, CA
63
Votes |
101
Posts

Insurance during single family buy and hold rehab

Michael Klinger
  • Rental Property Investor
  • Rancho Mirage, CA
Posted

I've called around a bit for insurance on a buy and hold single family house we are in the process of buying to rehab and then will rent out. After striking out a bit, I've learned the term is "Builder's Risk." I Found a company that put me through the paces of a quote, only to get to the punch line in which they said the policy does NOT cover liability. Liability for other properties in this LLC have liability on the policies for those specific properties, so the LLC itself has no blanket liability policy.


Am I going to find more of the same in the "Builder's Risk" category or did land on a company that doesn't suit the need? Even so I further asked and they said they don't offer liability in Massachusetts. Any other ideas on how to get properly covered?

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