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Updated 3 months ago, 09/24/2024
Difficult time finding insurance for a 3-family
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