Insurance on home to be demolished

[Danielle D.]

Hi All,

I've been going around in circles on insurance issues and would like some insight. I closed on a house in Denver yesterday that I intend to scrape (demo). The house itself is uninhabitable so I don't care about property coverage. What I want is liability coverage. Personally, I'm well-insured with homeowners and umbrella but because I buy and sell through my LLC, my homeowners won't write an endorsement for vacant property coverage and my umbrella won't cover any claims.

So, I'm thinking about a vacant home policy but they're so expensive.  I paid $850 (all earned) for 3 months of coverage on a 600 sq ft scrape I did last year.

Does anyone have any advice here?  Again, liability is my main concern.  They'll be a 4 month period where there'll either be a house on the lot or it will be a vacant lot and I want liability coverage for the whole period.  During construction, I'll get builders risk.

Also, if anyone has an agent referral in the Denver area who knows the flip industry, I'd like a referral.

Thank you!