Insurance
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
Hazard insurance for NJ property next to abandoned home - HELP!
Hello BP! I'm having a hard time getting hazard insurance for a newer property (a duplex) that unfortunately sits 3 feet away from a derelict, abandoned house. The city has finally foreclosed on the abandoned property and we hear it'll be auctioned this year, so there is hope that fire-hazard next door will be gone in the near future (the location is great). In the mean time, we need insurance so we can close on the duplex. The property is in North Newark. There's got to be somebody who is insuring the many properties siting next to all the boarded up homes throughout Essex County. Any suggestions?
Could anybody recommend insurance companies and/or brokers that handle cases like this?