Insurance on Bare Bones House - Previous Vandalism

[Christos Philippou]

Hey all!

I am closing on my second property next week and insanely excited! The building itself is bare bones, just has the foundation, studs, etc.. minimal flooring, no walls or anything, so we get to build it ground up. It will be fun being able to construct it how we want.

The only thing is, it's in a crappy part of town. Recently, the electrical wiring and some other things have been lifted out. The property has clearly been broken into several times. I know there is specific insurance I should be looking into while we are building it, but can somebody give me some more info on that? I would HATE to redo all the electrical work, and somebody comes back overnight to strip it all out.

Is it recommended to get an alarm system? Or just stick with a good insurance policy