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Updated over 9 years ago, 07/27/2015

User Stats

32
Posts
8
Votes
Stuart Cairns
  • Investor
  • Alexandria, OH
8
Votes |
32
Posts

Property Insurance during renovation

Stuart Cairns
  • Investor
  • Alexandria, OH
Posted

I will be closing on my first investment property mid August. It is a 3 unit but one of the units requires renovation. It has been stripped down to the studs. I have applied for a 203k loan and in the final stages but my insurance company just turned down the policy due to the construction. Does anyone have a company they use and can recommend for a similar situation.
2 units just need cleaning and painting, the 3rd unit needs drywall and the kitchen replaced.
Thank you for any advice.

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