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Updated over 10 years ago,
Mold, Termites, and Insurance
So I just purchased a fix and flip REO property.
There is some mold in the laundry room of the house along with termite damage in a pile of logs against the back of the house (no termites were actually found inside the house).
Neither of these problems are going to be costly fixes. I'm not particularly worried about that since it looks like this rehab will come in way under budget.
The problem is insurance.
Will insurance companies issue me a vacant house/ builder's risk policy/ homeowner's policy if there are mold and termites?
If not, will my house have to sit uninsured for several days while I fix the problem?
Thanks,
Patrick