Posted by js-Indianapolis on December 19, 2003 at 18:12:43:
Just paid $450 for one through Farmer’s. 100K house, vacant, no repairs, quarterly paid with no prorating for that time. Pretty lame coverage too. I think the house needs to sink into the ground or catch fire for anything to be covered.
Rehab risk insurance - Posted by keith hutson
Posted by keith hutson on December 19, 2003 at 08:51:11:
Can anyone recommend a good insurance company regarding builder/rehab properties?
Thanks a lot
Keith Hutson
Re: Rehab risk insurance - Posted by Barry (FL)
Posted by Barry (FL) on December 19, 2003 at 16:40:39:
Since I am not a licensed contractor I’ve been told that I cannot get builders risk insurance. I usually get a vacant building policy underwritten by LLoyd’s and it winds up costing me around $650 for 4 months of coverage. That’s on a 100k property.
Hope This Helps,
Barry (FL)
Good - No… Ins Co - Yes… - Posted by JT-IN
Posted by JT-IN on December 19, 2003 at 16:17:04:
Zurich Builders Risk Plan is one of the few around. This makes it extremely difficult to shop for any insurance, since there are only 2 or 3 players…
Just got a notice that my rate is changing in February… but they didn’t say to what… Do you think that it could be going down…? Didn’t think so.
You know what’s funny… - Posted by rm
Posted by rm on December 20, 2003 at 07:29:27:
is that a “vacant” home under renovation is probably occupied for more hours per day than an “occupied” home.