The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.

So either you pay for the repair out of the idle cash in your account, file an insurance claim and use those funds, or rollover/transfer funds from another retirement account to cover the cost. 

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

Hey Denny - For rehab costs, a good place to start is breaking things down room by room and getting rough estimates for common repairs like the roof, HVAC, kitchen, light cosmetics, etc.

Other than the repairs needed of course

And if it had flooded it would be more than $5,000 for the repairs.

Does anyone have any advice on effectively setting up temporary battery-operated cameras on a long-term rental property to deter break-ins and squatters while rent-ready repairs are being made before a tenant moves in?

I am going to be lending to an investor on a single family home.  There will be renovation of the home that is $82,500 worth of renovation. The Homeowners Insurance will include Builder's Risk.  During this renovation...

A new owner in the condo building is worried about them and wants them repaired.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?