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Updated about 12 years ago,

User Stats

135
Posts
4
Votes
Keith A.
  • Real Estate Investor
  • Ft. Lauderdale, FL
4
Votes |
135
Posts

Property repair prior to closing for insurance purposes

Keith A.
  • Real Estate Investor
  • Ft. Lauderdale, FL
Posted

I am in the process of closing on a property and was setting up the insurance with my agent. The policy requires a 4-pt inspection on the property and I have found that the electrical box needs to be upgraded.

My question is can I or should I make this repair prior to the closing so my policy can start on the closing date or should I wait to close? Also, to make it more interesting there is a tenant in place already.

Let me know if there is a common way to approach this scenario. Thanks!

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