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Updated almost 3 years ago on . Most recent reply

User Stats

13
Posts
4
Votes
Josh Nelson
  • Rental Property Investor
  • Saint Paul, MN
4
Votes |
13
Posts

Insurance for a rental that needs some work

Josh Nelson
  • Rental Property Investor
  • Saint Paul, MN
Posted

I purchased two single family homes recently and both are in livable condition but I'm having trouble getting an insurance company to cover one of then due to some issues with the shingles and some dry rot. I want to make the improvements to the property but need time. Any recommendations on what my options are or if getting builders risk coverage would work for this?

Most Popular Reply

User Stats

13
Posts
4
Votes
Josh Nelson
  • Rental Property Investor
  • Saint Paul, MN
4
Votes |
13
Posts
Josh Nelson
  • Rental Property Investor
  • Saint Paul, MN
Replied

@Ryan Ingram Thank you for answering this. I do have tenants in the house that needs the work and obviously would like to keep the income coming in each month. I've been working with an independent agent but never thought to ask about the builder policy until I read a few other posts about insurance. I'm going to contact that agent and see if that is something they can do.

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