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Updated over 12 years ago on . Most recent reply

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JJ Cole
  • Houston, TX
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25
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Aluminum Wiring and Commercial Policy don't mix?

JJ Cole
  • Houston, TX
Posted

I am trying to consolidate insurance -- instead of 14 separate DP3 replacement cost policies for individual homes, I am looking for a commercial policy. Primary reasons being higher water damage coverage and vacancy coverage. I have a few questions:

1. I am being told that there is no coverage available under a commercial policy for properties with aluminum wiring unless all outlets are pig tailed. Anyone else come across this?

2. Will I be able to name the LLC owner and myself on a commercial policy?

3. I current have $300K liability and additional $2Million umbrella - what coverage should I get on the commercial (assuming I find one which doesn't exclude aluminum wiring properties)?

Most Popular Reply

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13,451
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
8,349
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13,451
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

Here is the post that Brian mentioned:
http://www.biggerpockets.com/forums/67/topics/57144-electrical-has-aluminum-wiring

EDIT: adding another good link where I posted about aluuminum wiring:
http://www.biggerpockets.com/forums/52/topics/71331-lead-paint-and-rewiring-rental-built-before-1978

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