Recommendations on insurance for vacant properties?
We just purchased a couple vacant homes that we are going to rehab (which will be a first-time experience), and we just boarded up the properties until we move to Detroit in a few months.
Does anyone have recommendations on insurance for vacant properties?
One of the properties was apparently being used to sell drugs by a squatter, who the police removed before we boarded up the house. However while we were boarding up the house (after the police left), the squatter returned and threaten to burn the house down. So now we are quickly trying to find property insurance.
We purchased these properties because we will be moving to Detroit in the next few months, as we really want to invest in Detroit. However we are suddenly feeling overwhelmed and naive, as we have never purchased property before, and we have no experience in rehabbing properties either. Therefore we are very grateful that we found this website/community, as we will be seeking a lot of advice and also seeking help/resources to rehab the properties.
Thank you in advance for any advice!
Discussion
Hi there! My husband and I recently moved to Detroit and also just purchased a vacant house that we will be rehabbing. Getting a vacant home can be tricky, but we were able to get a really reasonable policy through Farmer's Insurance. I highly recommend going through them!
Hi there,
We recently got this contractor recommendation specifically for vacant homes. https://brickandbeamdetroit.com/contractors/national-real-estate-insurance-group-affinity-group-national-real-estate-insurance-group-affinity-group