Home insurance to get a loan

[Iggy Marques]

Hi everyone, this is my very first post so bear with me if I'm placing it in an inappropriate thread. 

*Feel free to move or remove it if necessary.

I'll present my current scenario and hopefully I can receive some advices on how some of you would try to overcome it...

I have a paid off home that needs some updates (mainly electrical panels and some wiring, plus septic) but I'm tight on cash till the end of this year. I thought about getting a 'Home Equity Loan" but cannot do it without home insurance (which I currently don't have it), but in order to get insurance I'd have to fix those outdated stuff prior; so I'm a dog chasing the tail on this issue.

- What would you guys do;

*Continue $aving and fix them with your own money (probably only by next year) 

*Get a personal loan, fix the issues THEN have some home insurance in order to get the home equity loan and include 'personal loan' in it

*Or any other creative option I haven't thought about.

Last input: I'm living in the house but am considering renting "it" ("them" - I got a 2bd in law out back)

Thank y'all in advance.