Ask Your Peers - Commercial Building, Owner doesn't know when building was updated. by Moshe Fishman

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Moshe Fishman, Tekeno Financial - Lakewood, NJ 08701

Reputation: 46 - Total posts: 4

Hello Everyone,

I am trying to quote a commercial building and the new owner(my client), doesn't know when the Electric, Heating, Roofing, plumbing was updated. What am I supposed to do?

10 year(s) 2 month(s) ago

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MaryAnn Maroney, Tracy-Driscoll & Co,. Inc. - Bristol, CT 06010

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0 Verified Reviews - 0 of 5.0

MaryAnn Maroney, Tracy-Driscoll & Co,. Inc. - Bristol, CT 06010

Reputation: 25 - Total posts: 3

contact the building dept in the particular town/city; if there were updates, permits would have been pulled.

10 year(s) 2 month(s) ago

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Susanne Waite, Partners Specialty Group - Fresno, CA 93720

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Susanne Waite, Partners Specialty Group - Fresno, CA 93720

Reputation: 112 - Total posts: 14

Hi Moshe,

How old is the building?

You might check the county for permits to see if you can play detective and find out that way.

Or... it may have to go non-admitted markets due to age 'without' known updates...

If you need help with excess/surplus lines - we can help - we are wholesale brokers with nationwide reach.

My phone is 559 447 1944 or you can email to [email protected]

10 year(s) 2 month(s) ago

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GEORGIA PILARINOS , GENERAL MARINE INC - New York City, NY 10019

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GEORGIA PILARINOS , GENERAL MARINE INC - New York City, NY 10019

Reputation: 179 - Total posts: 22

Hello Moshe,
You can also try propertyshark.com and look up the building details to see if any detail is given for the property.

Best regards,
Georgia Pilarinos
General Marine Inc
[email protected]

10 year(s) 2 month(s) ago

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Althea Jacques-Ireland, NoBe Insurance Services - North Bethesda, MD 20852

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Althea Jacques-Ireland, NoBe Insurance Services - North Bethesda, MD 20852

Reputation: 519 - Total posts: 52

If the electrical has been updated it will be noted on the door of the panel.

10 year(s) 2 month(s) ago

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Moshe Fishman, Tekeno Financial - Lakewood, NJ 08701

Reputation: 46 - Total posts: 4

Thank you Everyone for your responses.

This is my 1st time using this website and I am amazed at how much all of you are jumping to help me.

Thank you

10 year(s) 2 month(s) ago

1 Verified Reviews - 5 of 5.0

Chautauqua Wesley, Insurance Solutions - Roanoke, VA 24019

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Chautauqua Wesley, Insurance Solutions - Roanoke, VA 24019

Reputation: 1083 - Total posts: 162

GIS should say.

10 year(s) 2 month(s) ago

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Katrina Biethan, CompleteMarkets - Big Bear, CA 92315

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5 Verified Reviews - 5 of 5.0

Katrina Biethan, CompleteMarkets - Big Bear, CA 92315

Reputation: 3494 - Total posts: 268

Hello Moshe!

I am so happy to see the community helping to answer your question!

I would also like to help. I can do a search and see what wholesalers we work with that would be able to help you with this risk. You mentioned that it is a commercial building. Could I ask what type of commercial building it is so I can do a search?

Thank you!

10 year(s) 2 month(s) ago

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JohnnyAlex, Big Cheese Insurance - Phoenix, AZ 85012

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JohnnyAlex, Big Cheese Insurance - Phoenix, AZ 85012

Reputation: 135 - Total posts: 21

Depending on the size/value/cost of the building it may be prudent to have an inspection done. A residential inspection is about $300. It would probably save that much in insurance costs if given to the underwriter and the report looks good. Did the owner do any due diligence/inspection prior to purchase?

10 year(s) 2 month(s) ago

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Moshe Fishman, Tekeno Financial - Lakewood, NJ 08701

Reputation: 46 - Total posts: 4

Yes, But the report says everything in form of it's condition, not year updated.

10 year(s) 2 month(s) ago

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Betty Goss, William Blount & Associates, Inc. - Knoxville, TN 37922

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Betty Goss, William Blount & Associates, Inc. - Knoxville, TN 37922

Reputation: 597 - Total posts: 67

I always check the tax assessor's website for property details. I don't know about your state, but in Tennessee you can get details (year built, sq ftg, construction, stories, etc) to most commercial and residential properties on there. Good luck.

10 year(s) 2 month(s) ago

1 Verified Reviews - 5 of 5.0

Ask Your Peers Commercial Building, Owner doesn't know when building was updated. (Closed)