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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Vacant = higher risk Posted by Bret on March 12, 2010 at 3:13 PM In Reply to: Vacant = higher risk posted by Rick, the Probate Guy on February 21, 2010 at 11:46 AM Thought a builders policy solved all of these issues? : 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 a Followup: Name : E-Mail : Subject : Comments: : Thought a builders policy solved all of these issues? : : 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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