Insurance Situation Help
Hi folks,
I just signed on a TIC in SF. The building does not have a master policy; the other owners have DP3 landlord dwelling policies.
I'm trying to get insurance that my mortgage broker will accept. For various reasons, the other owners do not want to get a master policy if possible.
What seems to be the best option here? One of the independent agents I was chatting with wrote an HO6 quote but the mortgage lender will not accept those without a master. I can get to the "purchase now!" page on Lemonade/Homesite if I put things in as a single family (presumably HO3), but the poor reviews of the two of those make me pretty hesitant to actually go through.
Getting an HO3 would be a little non-standard for a TIC, but the building was previously insured fine with all multiple DP3's, so curious for folks' takes here. No one involved in this has filed any prior claims.
Thanks!