Property insurance for unoccupied rehab property?

[Melonie Dickson]

Hi guys. I have a 4 unit residential apt building under contract that I will live in once its fixed up. We estimate about 3 months for rehabbing(with a 203k). 

Anyone know of a good insurance company that will insure an unoccupied rehab property. I'm having a little trouble finding one with good rates. The sooner the better. Im in Philadelphia.

Thanks!

[Paulette Midgette]

Hi @Melonie Dickson, I live in Philly as well and purchased a homeowners rehab policy just a month ago.  I agree with @Michael Ablan in that going through an insurance broker may be the best course of action.  I called a number of policy agencies which quoted me some crazy rates (for 6 - 8 months)before deciding to call my broker I have my car, rental, and personal homeowners insurance with.  I received a quote for the rehab that was comparable to my rental and home.  My agent knew some things to employ to get me such a great rate (1 year policy).  Once my rehab is done and sold, I simply cancel the policy and will be refunded the difference.  Please feel free to PM me if you would like more details and contacts.