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Updated 3 months ago, 09/24/2024

User Stats

7
Posts
1
Votes
John Micco
1
Votes |
7
Posts

Difficult time finding insurance for a 3-family

John Micco
Posted

I am having a hard time finding insurance underwriting for the three-family that I am purchasing:

https://www.redfin.com/PA/Pittsburgh/7209-Penn-Ave-15208/hom...

The only policy I could get a binder on was from Tapco in North Carolina with a $10K deductible for $5500.  

How do I find out why I am having difficulty getting insured?  The property is 100 years old but has updated wiring, plumbing, and units.  

Does anyone have any leads on agents or other companies I could try?  I tried with my agent, Allstate, Odie and Honeycomb.  My agent found only Tapco would underwrite the policy.

Thanks in advance!

John

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