I have just purchased an IP which is vacant (the owners kicked the tenant out 3 weeks ago). It needs some major re-decorating (no structual changes) but because this is going to take more than 60 days, my usual insurer ( a large Qld company) won’t insure the premises as it will be vacant.
Any suggestions as to who will??
markk
Happy Hunting
http://www.kentscollections.comWe have had this scenario before. Contact a broker and see if he/she can get cover for you. I know we have even offered for one of us to move in while renovations are done, but some insurance companies say a bed and a fridge do not constitute “moving in” and still refuse. Let’s face it, someone renovating is on site more hours per day that once it is rented, but the insurance companies don’t seem to have a clue, do they?
I’d get a broker, or keep ringing the companies until you find one who will listen. Your broker shouldn’t cost you anything.
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