08-12-2008, 12:57 PM
quote:
Originally posted by StillHope
construction loan.
.
Okay that makes sense now. Many construction loans require a licensed bondable GC who must be insured to retain their license. There are some construction loans that dont require a GC but few any more.
So you were looking at course of construction insurance rather than home owner's insurance to satisfy a loan requirement. I would take Glen's suggestion and call Pyramid back and talk to Kevin, or another suggestion is Tom Lodge as sometimes the more experienced people know how to manuever around the requirements a little better.
Good luck with this issue!