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Rehabbing & House Flipping

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Jack Stivers
  • Real Estate Investor
  • Lexington, KY
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Insurance for Flips after Fire

Jack Stivers
  • Real Estate Investor
  • Lexington, KY
Posted Sep 19 2014, 08:39

I got hit this year by an arsonist who totaled a rental house.  The fire investigator suspects it is gang initiation activity.  My rental insurance company did not cancel my existing policies but will not write new policies.

I also flipped houses.  In the past, I got a policy with my rental insurance company and when the house sold, I cancelled the policy.  Did this for years.  No problem.  But that doesn't work now.  

Any suggestions on where to get insurance on a flip house when you smell like smoke to all insurance companies?  I've asked a few insurance brokers and they won't even consider it.

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