Insurance question

[Tim Anderson]

Hi. I recently got my first rehab home under contract and am wondering what type of insurance I need to get on it. I've read 5 or 6 threads on it already on BP, but I was wondering more so about my specific situation. The home needs new HVAC, new plumbing, new carpet, paint and garage door. It also has a minor foundation issue. Purchase price ended up being 28.5, ARV roughly 100k, needs roughly 20k in rehab. Being my first rehab and not being a man of means, I don't have a ton of cash reserves to take on a ton of liability myself.

The thing is, I'll be having people in the home working on it, and when they're done I plan on visiting the house for a couple of hours almost every day. I live roughly 15 miles from the home. I don't know if this means it should be considered vacant or not, being that I'm not actually living in it, per se. I plan on hiring 'handymen', not licensed contractors, so I don't know if that would change my insurance options much or not. I'd prefer to pay monthly, being that I am new to 'the game', and really am not sure how quickly the home will sell. Any input would be greatly appreciated.