Insurance on tax deed property

[Bryan Freeman]

I have been looking at purchasing some properties at tax sales in GA. There is a 1 year right to redeem. I've considered buying some properties with houses, but my concern is, what if something happens to the house during that 1 year period? I cannot take possession of the house until after 1 year and foreclosing the right to redeem.

So, let's say I buy a house worth $200,000 for $50,000, but the lot is only worth $10,000. During the one year period, the house burns down or something, I am left with a $10,000 lot that I paid $50,000 for.

Can I get insurance on a tax deed property that I can't take possession of?