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Updated 1 day ago on . Most recent reply
Can't find insurance for 6-plex (Colorado)
I'm UC on a 6 unit building in rural Colorado. Everything looks good, but I cannot find a provider for insurance. Reasons are: building is too old (1956), systems are too old (electric updated in 1992), roof too old (metal roof since 1990s, great condition). I plan to get in there an renovate after closing.
This is a low risk policy in my opinion. It's built very well and will be used for LTR. I've reached out to 8-9 companies and no one will do it.
Thoughts?
side note: insurance in Colorado is getting ridiculous
Most Popular Reply
If you are rehabbing, have you asked about a builders risk policy? Then once you correct the issues you list you will have a better chance of getting a landlord policy.
- Jay Hurst
