What insurance when doing a rehab?

[Jeff Johnson]

When having a house rehabbed, what type of insurance is needed?

[Tom Shallcross]

@Jeff Johnson - when doing rehabs I have vacant dwelling coverage with a builder's risk premium for the rehab amount. When doing HML, my lender enforces the dwelling amount be the loan size (whatever % of LTC) an also carry the builder risk for the rehab amount.