They will be able to check multiple carriers and see what is your best option.

We found the property was in acceptable condition given the 4-5 years it was vacant & all we needed was some minor facia & roof repair to satisfy our insurance carrier.

Congratulations on starting your investment carrier.

Unless my title carrier says NO.

C'mon man these properties are risky enough already in Memphis.FIRE THIS PM IMMEDIATELY and try to salvage the second half of the years rents. exactly and a little off topic but i would certainly check with your insurance carrier and make sure you still have fire insurance.. many times insurance only allows 60 days between tenants after that your no longer covered.. ( they know vacant houses get torched) you can then buy a vacant house rider..

So many options to choose from, unfortunately your Allstate agent does not have access to them.If you want to look into options, do not contact other Home and Auto companies like Allstate, but rather Independent Insurance agents who represent multiple insurance carriers specializing in the REI space.I'll drop you a PM with some company names. 

It is usually offered by carriers when the property is not in good condition, is under remodel, vacant or is old and without wiring, plumbing or heating updates.

This style of "landlording" is not for everyone though.As far as insurance goes, that is true, not every carrier will issue a policy on a student rental, but some will.

@Greg Carrier Great quote, really puts things into perspective.

Most states have a max of $500K coverage payout on the GA claims if the carrier goes under.