Proof of Major Updates to Insure Older Properties?

[Richard Dorn]

Hello, All!

I spoke with a local Insurance Broker recently to get a better understanding of the potential complications when buying old, vacant homes to rehab into rental properties. 

She mentioned that I would need to show proof of updating electric, plumbing, heating and AC in order to get insurance on homes older than 25 - 30 years.

Is this true? Are there any exceptions to be aware of? Would I have to rewire all the electrical or would there be some lesser update that is acceptable?

Any help is appreciated!