Hello Everone…
I need help or recommendations finding an insurance company that will give me coverage on a house I would like to purchase that has minor fire damage. It seems that most underwriters (at least the few I have submitted application to so far) are not interested in houses with fire damage.
Also … where can I get my hands on info on how to properly work with this typr of rehab. Any help would be very greatly appreciated.
Thanks,
you’ll probably have to get builder’s risk coverage until the repairs are complete. Plus, the underwriter will probably want to see proof of completed repairs within, say, 60 days.
Contact an independent insurance agent. If you are only calling on the major names (Allstate, State Farm), they probably don’t have a market for you. Call your local independent (2 or 3 of them). You will find a PIA or other logo in the ad located in the yellow pages. This is the best place to find an agent with a market for your exposure.
Good luck.
Boblaw