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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Vacant = higher risk Posted by Rick, the Probate Guy on February 21, 2010 at 11:46 AM In Reply to: Re: Potential problem getting insurance? posted by Geri on February 21, 2010 at 8:39 AM It's no more stupid than when a propective tenant tells you that they're currently unemployed but plan to get a job, hopefully soon. That probably wouldn't fit your guidelines and that's probably not the target market that you want to reach as a landlord. Think in terms of who State Farm DOES want as prospective insured clients. Your vacant property just doesn't happen to match the underwritting guidelines. However, there are specialty lenders who will insure vacant property...but at a premium. Lloyd's in one of the bigger ones. Look thru the archives and you'll see that this is neither a new problem nor a new topic. I've list my agent on several occassions in the past. Follow Ups: Re: Vacant = higher risk Bret 3:13 PM, 03/12/10 (0) Post a Followup: Name : E-Mail : Subject : Comments: : It's no more stupid than when a propective tenant tells you that they're currently unemployed but plan to get a job, hopefully soon. That probably wouldn't fit your guidelines and that's probably not the target market that you want to reach as a landlord. : Think in terms of who State Farm DOES want as prospective insured clients. Your vacant property just doesn't happen to match the underwritting guidelines. : However, there are specialty lenders who will insure vacant property...but at a premium. Lloyd's in one of the bigger ones. : Look thru the archives and you'll see that this is neither a new problem nor a new topic. I've list my agent on several occassions in the past. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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