Is Foremost BASICS Three Dwelling Fire Insurance a good insurance?

[Kerry M.]

Our property started out in very rough condition (no running water, HUD home, some knob and tube wiring.) We are switching from a Vacant and Renovation policy for the last four months to a Fire Dwelling policy. Does that seem like a good idea? What about Foremost as a company?

We do not yet have renters but plan to later. The property used to be a duplex but was sold as a SFH. Our plan is to turn it into a 4 unit. The electric is now updated and metered for 4 units, plumbing redone in PEX and is livable. First goal is to have one of the units done and ready to be rented soon. My son is living at the property also to attend school.
If I buy the 12 month policy will I need to change it again when it has a renter? It says it is intended for 1-4 units and rentals. My question is, is this the right kind of insurance?
Thank you,
Kerry