Be wary, because most insurance contracts have vacancy/occupancy restrictions that could diminish and even void a claim. Mis-stating the facts could potentially be considered fraud, as well. There are carriers, such as those mentioned, that insure the rehab project properly...
Thanks for responding,
If I am reading yopu correctly, you are saying that I DO need a primary insurance policy as well as builders risk?
Thanks,
R
Negative. The rehab contract will suffice for the property and the liability...
Tim
Be wary, because most insurance contracts have vacancy/occupancy restrictions that could diminish and even void a claim. Mis-stating the facts could potentially be considered fraud, as well. There are carriers, such as those mentioned, that insure the rehab project properly...
Best regards,
Tim