Trouble finding Home insurance

[Charyl J.]

Hi again friends!

So for my current real estate adventure I'm in the middle of buying a single family house in Michigan. It is in need of some repairs but is very much livable. I plan to live there and house hack while completing the repairs. This will be my 2nd property. But my first house was in better condition when I bought it.

The trouble is that I'm having a heck of a time finding home insurance for this house. One place turned me down after seeing the inspection report and said they cannot insure a house that is in bad condition. Another company said they cannot insure the house because it has knob and tube wiring even though it is Not Active. The house also has copper and galvanized piping which one company did not seem to like. Plus the fact that I plan to live in the house also makes things complicated. 

So any advice or references for an insurance company that can help would be absolutely amazing!!

[Cameron Moore]

My first recommendation is to find a Broker that does both Commercial and Personal insurance. I am not sure about Michigan but I know that you could insure the property as a Builders Risk. Not sure if that allows occupants during the work in Michigan though. Sounds like a tough one.