Hi
Just continuing my drama of buying my first IP. Everything is going smoothly and I'm up to the part where I have to insure the house before settlement. Rang my usual insurance company - wont touch it due to being 1903, fibro and IP. Tried a broker and she seemed to think because it hasn't been rewired, no one will touch it. She suggested a clause about us getting it rewired ASAP. Now, that's not in my plan! We are nearly finished doing our PPOR up and want to rent the IP for 2 years, move to it and do the weatherboarding and electrics at the same time. Or between tennants. Not now. Any one had a similar experience?
thanks
Meg
Just continuing my drama of buying my first IP. Everything is going smoothly and I'm up to the part where I have to insure the house before settlement. Rang my usual insurance company - wont touch it due to being 1903, fibro and IP. Tried a broker and she seemed to think because it hasn't been rewired, no one will touch it. She suggested a clause about us getting it rewired ASAP. Now, that's not in my plan! We are nearly finished doing our PPOR up and want to rent the IP for 2 years, move to it and do the weatherboarding and electrics at the same time. Or between tennants. Not now. Any one had a similar experience?
thanks
Meg
