These general answers can help you prepare, but only the actual policy and carrier confirmation determine coverage for a specific project.
Investment properties being acquired, renovated and resold. Eligibility depends on the property, scope, timeline, location and carrier guidelines.
Ideally before closing or construction begins, leaving time to gather information and complete any requirements.
Address, purchase and ownership details, financing, closing date, condition, vacancy, rehab scope, budget, contractors and resale timeline.
A traditional owner-occupied policy may not match a vacant investment property undergoing renovation. The property and use should be described accurately.
Depending on eligibility and actual terms, discussions may include the existing structure, eligible improvements or materials, premises liability and project-based policy periods.
No. Scope, budget, systems work, structural changes and contractor involvement can materially change the risk profile.
Programs and portfolio options vary. Each new property should be disclosed and confirmed according to applicable requirements.
No. Submitting a request, calling or texting does not bind coverage.
Review the named insured, property, policy period, limits, deductibles, conditions, exclusions and any protective safeguards or inspection requirements.
Contact the licensed representative promptly. Material project changes may affect eligibility, terms or required actions.
Call 210-549-4445 or visit 17890 Blanco Road 309B, San Antonio, TX 78232.
Send the address and renovation plan so we can focus the conversation.