Insure A Challenging Property Opportunity
Due to the current economic condition and the current mortgage market, there appear to be many great opportunities for buyers. Many of the opportunities you may have seen look like this:
"100 unit apartment, occupancies 50%, some restoration work completed, discounted price, great opportunity for new active owner"
While this certainly is an intriguing property teaser and may be a great for a new buyer, it does offer some challenging insurance options; listed below is a check list that will assist you in placing the insurance on the new property. Some of the questions the insurance agent will ask include:
What is the current status on the property? What is the current occupancy? How are the vacant units secured? What is the condition of the units? Have all damages been repaired? ....
For the full article and list of questions: Click Here!
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