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Updated over 3 years ago on . Most recent reply

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Sean Leahy
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looking for insure a burnout house

Sean Leahy
Posted

I just brought a burnout house and I closed on 10/08/21. I'm looking for insurance company to insure it! does anyone have any recommendation ?

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Charlie MacPherson
  • China, ME
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Charlie MacPherson
  • China, ME
Replied

@Sean Leahy Ask your insurance agent.  You'll not only need liability, but as you rehab you'll also need "builder's risk" and "vacant property" insurance.

Also talk with the insurer about what they want for risk reduction - things like a fence around construction, posting signs, etc.  You might find that the site will be classified as an "attractive nuisance", so be sure to follow the rule of the town and insurer so you don't get sued if a bunch of drunk teenagers get hurt in there.

Good luck!

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