Costs To Insure A Vacant Church!
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- čas přidán 11. 07. 2024
- It turns out insuring my vacant church cost a lot more than I expected. Woops!
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Produced by Jeff and Michelle Thorman
Written & Directed by: Maximilian Moskal
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Renovation Design & Staging by Jeff and Michelle Thorman
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Videos produced by Reality Renovision are provided for informational purposes only. All material provided within this website is for informational, educational, & entertainment purposes only. Some of these projects, materials, and techniques may not be appropriate for all ages or skill levels. The DIY instructions used here are used to simply breakdown projects to their simplest steps. Please use a clear mind and use all safety precautions while following the tutorials provided by this site. Reality Renovision does not make any claims of the safety of the projects, techniques, or resources listed on this site and will not take responsibility of what you do with the information provided by this site. Viewers must be aware by doing projects on their homes they are doing it at their own risk and Reality Renovision cannot be held liable if they cause any damage to their homes. With different codes around the world and constantly changing standards, regulations and rules, it is the sole responsibility of the viewer to educate themselves on their local requirements before undertaking any sort of project. That being said Reality Renovision cannot claim liability with all applicable laws, rules, codes and regulations for a project. Be safe, have fun renovating and ALWAYS stay informed with your local building code. - Jak na to + styl
Thank you Jeff, refreshing to hear the “real “ truth. Goog job.
That would be good
This is exciting, can’t wait to see more of the church reno!
May everything go quick and smooth for you 🙏🙏💕💕
Looking forward to all the videos of this church reno! I love all your how-to videos and have taken on intimidating projects because of the empowerment from yourself and people like you! Thank you!
Right on Sara! well done. !
Very excited in this next chapter! This kind of information is so interesting in process, as well as viewing your entertaining instructional style!
Excited to see this process!
Thank you for your pushness (is it even word? IDK). Because of that, we got things to watch, learn, and entertained. Cheers!
Hey Jeff, your videos have given me the push to expedite processes that otherwise would have been a discover, process and conquer venture. Being in Canada it’s nice to be able to go to my home store and procure items you have had success with other than hoping for the best. Your a true legend and the modern day bob vila but more relatable and real. And well, not boring. Thank you for sharing and your videos are very appreciated I’m sure by all.
Cheers Jeff. Happy to be of help!
Amazing videos of this churhc renovation!
Jeff, this is going to be a fun ride! Learning through your experiences and mistakes is of great value to anyone who chooses to learn something, anything! Plus you always have a smile regardless of the hurdles. I think, this project is one of a kind and you’ll live to enjoy it tremendously; what a story it will be!
Cheers to that. looking forward to whatever the future holds!
Can't wait to see what kind of videos you come up with.
Insurance Agent here. Did you look into builder's risk insurance while under construction? You can't live in the place while it's under construction but it's typically less expensive than insurance for vacant structures. Partner that with a premises liability policy and you would have coverage on the structure, materials, and liability if someone was to get hurt. May be different here in the states though.
I need an occupancy permit first. Cheers!
@@REALITYRENOVISION As an insurance underwriter who was insuring vacant buildings, insurers don't ask for permits. If I remember correctly you sleep on this property right? and you are there almost everyday to renovate, then the insurer is happy there is occupancy, sure there is an higher exposure because of the renovation but still it's acceptable. With all the investment for thief protection and all that is more than great. Look with a broker for intact insurance and insure yourself as a Vacant future home. Also surprised that it's for 90 days, normally it's 180 days. Anyway hopefully it can help, sorry that I can't do more.
Hey Jeff,
I tried sending you an email. Hoping I can help with your insurance costs. Hopefully this message gets through. You’ve help me with many of my projects around the house! Cheers.
Just as SOfilmable said, a normal residential policy should do as a home intended to be moved into as a primary residence. no need for builders risk insurance.
as an example if a client calls me and asked to insure this home, I have no questions that ask if it is livable, or has permits, or anything. sadly the company I work for is straight declining under construction homes for ALL clients, new or current. So I cant help. we literally ask, whos gonna be the owner, the address, the intended use, some stuff about past claims, and we confirm the info we already have on it. age, square ft. normally 8-9 questions total.
Can't wait to see the reno videos.
Looking forward to seeing the progress on the church!! Cheers Jeff
Cheers Mathew!
Did indurance company not understand, the building was under the 'protection of God'? 😉- Insurance is a racket
Love it all! Thanks for including us in your project!
Cheers Gary!
They made us insure our church for the rebuild cost as well. We kept institutional and added commercial and 3R ( even though we only are making it 1 residence )
oh i can't wait for your videos!!
Jeff, sounds stressful. Hope you get you permit soon. Renovating my basement and your videos have been super helpful. Cheers!
No worries. There is a solution for every problem.
Keep on keeping it cool!! Love your videos
Thanks! Will do! Cheers Sunny!
Excited to see what you do with the place. Clearly it's been an expensive hassle so far but I know you'll make it worth it in the end.
A crazy year to tackle something like this but I have a good building office with this township that makes the process very easy. Cheers!!
Hi Jeff,
Love the content and your general demeanor on life.
Have you ever thought about doing a tool review sub-channel or weekly segment? It would be great to get honest reviews on tools for those of use that are handy but aren't in the industry full time and need to know which tools are best for the jobs from a name we trust.
Looking forward to the church renovations. Cheers Jeff.
Cheers Larry. love building during the greatest supply shortage in history!
Hey Jeff, Thanks for the videos! I'm about to close on my first home, and it needs a few renovations. I can't wait to follow your video guides to get it all done! I'll definitely be joining the channel as a member as a way to pay you back for the great content.
I just finished a 1899 steel mill house with his advice and videos, it came out good im a month into living there i did the plumbing a rewire the full electric service meter and panel i finished the basement added a bath did the floors and did all the drywall and paint and trim, mans is a life savior all the way
Cheers Roger happy to help!
Congrats! You will definitely have all you need to know to renovate your house here in this channel! I did the same!
Merci pour votre franchise et votre transparence et humilité
Merci JP!
Goodluck 👍
i did builders policy, worked great, they said only good for 1 year but they extended without issue.
WOOHOO! New adventures !! Let’s goooo
Right!
I would love to see Jeff out shopping for materials
253K is still a steal! Just cost of doing business! Looking forward to seeing more videos and when you have time, do teach us how you mounted those shelves at the back!
Good luck
A zoning change in California would take at least 6-9 months, would be treated as “discretionary”, would likely require community planning board approval, would need to run through Historic if built pre-1971, a decision would likely be repealable to city council, may need coastal commission approval, would have to deal with CEQA, and would cost WAAY more than $1k.
In any case, Jeff, sorry for your troubles and many thanks for helping save me so much money on my home projects!!
That is why i bought this one!
Where I live in SoCal, Earthquake and Fire Insurance is a must. Can't do much about mother nature but to deal with it
Looking forward
Cheers!
I don't know how you guys up in Canada are but a local guy here in Alabama, USA several years ago took an old church and turned it into a house. He got over the occupancy part by living in an RV onsite and he didn't have the security part to worry about. Might look into that and see if that is allowed and helps.
would love to however it is a little different up here. no worries, we will have occupancy soon and then the fun begins. Cheers!
Actually passed on a property for this reason, it was mixed commercial/residential for the reason of the previous owner having run a shop. But nobody would cover it as anything but commercial, despite it being just a house with a large garage. I know someone who later bought it out with cash and rezoned it, I didn't have that at the time. It's pretty crazy how difficult this can be.
Just looking at a vacant property quote from Apollo insurance that looks promising - might be worth a call.
We are in the middle of a self-contracted build, and construction insurance is also CRAZY expensive. For 90 days, it is ~$1800, and that basically just covers fire...so frustrating.
everything is over priced right now since insurance carriers are simply refusing to bid on anything a little off the beaten path.
We are 80% through converting a 2800 sqf church in Saskatchewan. If you are doing the tour through Canada this year you should hit us up.
It is so amazing how complicated the housing system is designed to suck as much money from people as possible. It is designed to keep you frustrated
This is why I paid my house off. If you have a morgage your forced to have insurance. No morgage no insurance required. You have better odds dying from covid than you house burning down from an accident...... 5yrs in and I've save 30 grand already. Worth the risk reward for me.
I feel your insurance pains. We added on to our cottage and put in a wood stove. We thought we should let the insurance company know what we have done and update the policy. Since the construction was not completed they gave us 2 weeks to get construction insurance before they cancelled the policy. We did for over $1000 per month!! And then the insurance company continues to take a monthly payment as they normally do....we put a stop to that PDQ. They are crooks at best of times, and they seem to realize that as they have you by the short and curlies. We will be shopping around before signing back up as a buddy had his rates jumped nearly 50% with his provider for no reason whatsoever.
unstable economies tend to have a lot of fire claims surprisingly!
@@REALITYRENOVISION true enough.
Wow
Hey Jeff... former insurance professional (Claims & Broker). Always consult your broker before breaking ground. When in doubt, in Canada, on recommended coverages, consult the Insurance Bureau of Canada. If you've paid cash you don't have to insure the property. If it's mortgaged, your bank will insist on it.
I get that but I am not leaving my money laying on the lawn for someone to burn it down. Cheers!
HEY JEFF, I am extremely knowledgeable on the Canadian insurance market. I am licensed in most provinces. If you have any questions or want an unbiased honest opinion feel free to ask! Happy to help, love you videos. I cant tell you who I work for as that would be a conflict of interest. but I think I could give you some advice as to how to insure this place in a way that isn't super expensive. hopefully.
Hi Jeff, I can't speak to the product offerings in Canada.... But round these parts you can ask for an Actual Cash Value policy. This insures the building for it's value at the time of purchase, and not the full Replacement Cost. Might be a less expensive alternative if available.
sounds great but not an option here. Cheers!
There's a church 2.5 hrs from here that's going for $125, not a single thing removed from the church. Biggest downfall would be it's in the middle of nowhere so work is few and far between swinging a hammer
According to the authorities, we live on a flood plain at 6,500 feet the house is on top of a hill if we get flooded here there is going to be some guy loading a large wooden boat with every kind of animal in the world, so of course we pay for flood insurance
flood is defined as water from river stream or lake entering the dwelling via an opening, window, door, wall, roof, etc. Its honestly not super common. if you feel it is unlikely, buy sewer backup, or more of it. the "flood" water will cause your sewer to back up before it gets in the house. once it does, its a sewer back up claim. thats the one that matters. average claim for sewer back up in MOST Canadian provinces, 35-45k for an unfinished basement.
Who do you use for your security system? I have one of those IQ panels and I don't love the app on my phone, but I don't know if they work with other providers (or if those providers have a better app). Thanks Jeff!
Bee security out of kemptville. Cheers!
The good old get the mail there and call it a main residence to not pay the adequate taxes...
Also saves him some when selling because it's his "primary residence "......
It will be worth it. Just get through it. Only thing I don’t get is why you live in Canada. Crazy place.
I was born here...a little out of my control. Cheers!
Homeowners builders risk policy?
There has been a disgusting amount of churches being burnt down in Canada. Insurance is a must.
mostly related to the indigenous school genocide perpetrated by evil people masquerading as church leaders. evil people always look for positions of authority to do their work. If something like that happened to my kids I would burn down the perps house and string him up myself too. My heart weeps for all the families.
Yup painting , upgrading fixtures, renovations yup these increase property value... yup yup yup...
Church of DIY. One question. Since this was a church, are you going to have to redo the septic system?
yes for sure. we are contracting engineers and installers for that and will do a video on that process. Cheers!
Get contactors insurance just dont put a bed in until the very very end lol.
not until i have occupancy!
I heard that! At 7:45 you said process (prah-cess) instead of pro-cess (long "O"). And you call yourself Canadian. :-)
Even tho I know it might be stressful and seems like u spent a lot of money manybe because Spent cash . I think u are still ahead of the game .
I have 1k square foot house 3bed 1 bath 1 car garage . It will sell for about 370k .
I wonder how much the heating costs are.
around $400 a month
I bought an old church and ran into the same thing
Jeff I'm begging you! Please tell me where to get brick stain like this in southern Ontario. Help! Lol
dulux stores carry it. Cheers!
When u want something u go get it..
insurance monthly is 1666.66 atm hmmmmm...
Is it a liberal area where this church building is at? You're lucky it's not California or New York. 😊 😊
is this part of a wider reno insurance discussion? i.e if people are gutting their own bathroom or removing the siding from their house etc - are they supposed to have a discussion with their insurance company? are they covered if something DIY goes wrong?
diyers should get renovation insurance during major projects for sure.
Most insurance companies for a residential policy MUST be advised of any work being done. any work. The company I work for calls Reno work anything below 50k, assuming its not something like changing the pitch of the roof, anything with the foundation, or adding a new section to the home. so long as its below the 50k value and not one of those other things, there is no charge or change to the policy (other than rebuild. if you have a 300k home and add 50k in renos, you should up it to 350k. ... obviously). BUT no fee for reno.
IF its construction normally coverages go to what is called named perils, and a flat cost or fee is added. there would be a bunch of exclusions added also. most are obvious. no water coverage for burst frozen pipes if you dont heat the thing... no workers comp for you or family or persons you hired... etc.
you ARE covered for anything that is an insured peril. so if you were say welding someone and it caught the home on fire, everything the fire damages is covered, because fire is an insured peril. the thing you were welding tho, isnt. thats your own fault.
Maybe you should form the Church of DYI.
I have no interest in being a pastor.LOL!
sounds like red tape hell. good luck
I had builder risk insurance on my recent renovation. Bought for way longer than expected to need but due to COVID supply issues we surpassed that. $1100 to add a single week. What a con job.
insurance co's are in the no risk business right now!
Yeah, it's the insurance companies.
Insurance companies are criminal...
not really. I have the right to not insure the property!
The most important thing to remember is that the bible says; "The most High dwelleth not in temples made with hands" Acts 7:48 When you hear "Welcome to the house of the Lord or it's good to be in the house of god, Amen?" Remember that God said he's not there.
Very pricey!!!!!!
CAD or USD?
Jeff is Canadian
If you keep the studio space (i.e. Commercial Production space) won't you still pay commercial rates for the property taxes???
found a way to rent the space and get commercial insurance.
If you paid in full you don't need insurance / put in your own account for your own insurance / We must become our own Bankers / This is America / We rule ourselves / The Banks are Done / Decentralize yourself. Good Luck
So much red tape in Canada to just build something.
Hmm in would be careful this happend to a guy who bought a fire station from the city who listed it as a residential home but then said it's a miss use of the building lol see if he has some advice for you . CZcams it
no worries I have already had the zoning changed and am in consultation with my building office. Cheers! Nice idea though to retro a fire house.
@@REALITYRENOVISION oh okay and yeah it was pretty cool looking if I remember the guy bought it cuz it was a childhood dream to be a firefighter.. and the city was trying to offload buildings it no longer used
Insurance is such a complete scam. I talked to half a dozen different companies and no one would back my property except Lloyd's of London just because the laundry add on, that's almost completely independent from the rest of the structure, has a cracked foundation. Even with a structural engineer that said it's completely safe beforehand!
The price of your insurance isn't surprising- you'd be surprised how many vacant commercial buildings 'mysteriously' catch fire... The value is a little silly though- you should be able to go by 'cash value' (what you paid for it) instead of 'replacement cost.' I'm not sure if you were stuck with that crazy premium because of the agent or because of Canadian regulations but you might want to look for another insurance guy...
been looking. just glad to be able to sleep at night!
@@REALITYRENOVISION call the big companies first. then look to a broker. when you call ask if they insure under construction homes intended to be a primary residence to new clients, then ask about if they do it for current clients. if so, great, if not insure ANYTHING else with them, say a tenants insurance if you rent someplace, any residential insurance. then.. you are a current a client, and the rules could be ok to insure a home under construction. sneaky sneaky
insurance is kinda scamy. not surprised. good luck my friend
You would think it would be cheap insurance since it was blessed by God at one point. Of course I know the fine print of insurance usually says, "Not responsible for act of God." Dirty lawyers.
Who stains brick? And grey of all colors... No Bueno.
God insured
but he doesn't write checks!
DIY video surveillance with outdoor wireless wifi cameras you buy on Amazon, it would be a lot less than paying someone $3k to do it for you
I got bells and whistles you don't get on amazon. Cheers!
@@REALITYRENOVISION there are pretty amazing DIY cams, looking forward to your video about it.
Ace Family 2.0 lmao
Why are you dealing with zoning out in the boonies? That's bs!
Churches are often unfortunately Moron buildings as in they kept at adding more on, often with volunteer work and tight budgets, it's completely understandable but reno work can be a nightmare
In this case is was built after a fire in 1980. We had a building code then and the work was incredible. best buy ever!
In a world of imagine conscious fakery it is so refreshing to something real. Authenticity is a mighty scare commodity these days and you have it in spades.
Sugar coating reality is why we have participation trophies and millennials as tough as cotton candy.
Life is hard. Anyone who thinks otherwise isn't tryin g to accomplish anything worth having.
Sound needs some help. Sounds like you are in an auditorium.
2000 sq ft studio! no sound board yet!
Burn it and take the million dollars 🤑 (kidding)
no thanks. too excited to rebuild this thing!
Are you covered for acts by the former owner? ✝
Our legal system does that. Cheers!
Of course they want you to insure it for $1M. Insurance is a legal rip-off.
Probably so expensive to insure the church because so many of them have burned down in the past year or so.
Wow...protection for yourself is biting a bullet. Sounds like a broken tooth.... more insurance for that now too??
OMG. You have got to be putting us on. You have been in construction for how long and you are claiming you didn't know about Zoning Laws and what it took and how long it takes to change them? Just a normal home owner who looks into building a house on a vacant lot in the location that looks perfect only to find it isn't Zoned Residential finds this out all too quickly.
Not sure how you got this out of this video. I am talking about the surprise of the high insurance cost. the zoning was a piece of cake.
All Stores 900,000 Please Lower the price of all Brands of Military Equipment and Local for All Brands of Church Products and Production Cost Now 900,000 That's Too Much $$ 900,000 Now The Whole World 900,000 Now 🙏 🤲 🕍 🕌 ⛪ 🛕