INSURING A PROPERTY BOUGHT AT AUCTION, 29 UNITS FOR $11K

INSURING A PROPERTY BOUGHT AT AUCTION, 29 UNITS FOR $11K – Here is an example of insurance we placed for a property secured sight unseen via auction. Even experienced investors are uncertain how best to acquire insurance on a property bought at auction.

We work quickly to protect our client’s insurable interests immediately after they secure a property this way, and place competitive coverage subject to a passing fire and life safety inspection after binding. The imaged property is 29 mixed use units, and we covered it within 48 hours of its bid with $4,000,000 building insurance and $1,000,000 general liability insurance for $11,000 per year, using highly rated companies.

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