My house is basically a shell, but we’ve been conditionally approved for a line of credit to fix the house. We need to have home insurance, but if we go with any of the local insurers we’ll be turned down because of the condition of our house. It was built in 1897. Are there reputable online providers of insurance that don’t do inspections prior to approval? If so, recommend some.
Best reply by chatsplas:
Try GEICO, they’re idiots.
Read the original question here
Who provides no-inspection home owners insurance?
Though you will have to answer some questions about what the house contains in terms of amenities, Kemper does not send an agent out to visually or physically inspect the property. However, you should call and report the remodels, upgrades, additions, etc. you do because it will increase your insurance coverage afterward.
Find a local insurance broker. I took ownership of a house once with a deed-in-lieu of foreclosure that was vacant with back taxes and that was pretty trashed. Even before I took ownership I found a local broker that gave me a fire insurance policy (a 3 month policy) so I could insure the house and protect the investment I made. There was no inspection or anything and it was not that big of a deal.
In fact, I’ve taken out policies on several houses, some owner occupied, some vacant, and some rentals, and NEVER did someone come out and inspect. I used Travelers Insurance for most of them…