How can buyers score a victory when old home features electrical, insurance woes

All carriers will not write on a home with an active knob & tube (electrical wiring) unless it's going to be removed and replaced within the short time frame after the closing of escrow.

Acquiring hazard insurance will require a licensed electrician to remove and replace the 1940s electrical within the first 30, 60 or 90 days of your ownership.

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