How to insure fire-damaged SFR during rehab? - Posted by Doug(CA)

Posted by Julia on January 07, 2003 at 14:27:31:

Builders risk - what does it cover?

How to insure fire-damaged SFR during rehab? - Posted by Doug(CA)

Posted by Doug(CA) on January 03, 2003 at 21:37:55:

I’m considering the purchase of a fire-damaged SFR as a rehab project. The homeowner’s insurance carrier I use for my other properties won’t insure it until after it is rehabbed.

Is there a certain kind of basic coverage I should be asking for while the rehab work is in progress? If so, can anyone recommend an insurance carrier?

This will be my first fire-damaged rehab project, so any other advice on the subject would be appreciated.

Thanks in advance,

Doug(CA)

Re: How to insure fire-damaged SFR during rehab? - Posted by M. Martin

Posted by M. Martin on January 03, 2003 at 23:07:22:

Check into a Builders Risk policy. I get mine through a local agent. Underwriter is LLoyds of London