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Updated over 6 years ago on . Most recent reply

User Stats

319
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192
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Dan V.
  • Real Estate Consultant
  • Norfolk, VA
192
Votes |
319
Posts

Insurance Coverage & Cost for First-time Flip

Dan V.
  • Real Estate Consultant
  • Norfolk, VA
Posted

I'm working on my first flip property and currently shopping for insurance right now while waiting for the inspection. I talked to one local agent so far and the quote was a little over $900 for a 6-month builders insurance, including vandalism, property in-transit & $230K property coverage. Since it's my first, I'm not sure if I'm getting the right coverage and the right price. Do you think the price is reasonable and what coverage do you recommend for first-time flipper?

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