Investor · Windsor, Ontario · Member since 2016 · 18 posts · 9 votes
How are people dealing with insuring knob and tube properties? I am an investor in Windsor, ON and many of the homes are older and still have some remnants of knob and tube. Rewiring is obviously one solution, but does anyone have an insurance company that is willing to take it on? At least for a short period of time until the rewiring can be performed?
In the past I have always used Statefarm, but as of September 6th, they are no longer insuring knob and tube.
Also, if there are any other active Windsor locals/investors shoot me a message. It'd be great to network and meet some like minded people in the area.
Investor · Windsor, Ontario · Member since 2016 · 11 posts · 3 votes
10y
Hi Nate. My Windsor property is with Square One. They require an ESA inspection and general certificate, but as long they're happy with it's condition and the plugs are gfi protected, it's fine.
Happy to get together and chat anytime. There seem to be at least 1/2 dozen of us actively chatting here.
Ottawa, Ontario · Member since 2016 · 43 posts · 5 votes
10y
I'd be a bit leery of Knob and Tube. There are good reasons why it is not installed anymore. If you have the option, and the funds, I would suggest having the electrical system updated. Last thing you want (even with insurance) is to have a major problem in the unit, which harms your potential tenants.