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Updated about 5 years ago on . Most recent reply

Jeff Johnson's profile image
Jeff Johnson's profile image
Jeff Johnson
  • Real Estate Investor
  • from La Plata, MD
  • Member since Feb 23, 2017

User Stats

128
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18
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Jeff Johnson's profile image
Jeff Johnson's profile image
Jeff Johnson
  • Real Estate Investor
  • from La Plata, MD
  • Member since Feb 23, 2017
Jeff Johnson
  • Real Estate Investor
  • La Plata, MD
18
Votes |
128
Posts
Buying & Selling Real Estate

What insurance when doing a rehab?

Jeff Johnson
  • Real Estate Investor
  • La Plata, MD
Posted

When having a house rehabbed, what type of insurance is needed?

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Tom Shallcross's profile image
Tom Shallcross's profile image
Tom Shallcross
  • Rental Property Investor
  • from Chicago
  • Member since May 31, 2018
  • Posts 612
  • Votes 1,089
  • Experience 9 Yrs
  • Investments 64

User Stats

612
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1,089
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Tom Shallcross's profile image
Tom Shallcross's profile image
Tom Shallcross
  • Rental Property Investor
  • from Chicago
  • Member since May 31, 2018
  • Posts 612
  • Votes 1,089
  • Experience 9 Yrs
  • Investments 64
Tom Shallcross
  • Rental Property Investor
  • Chicago
1,089
Votes |
612
Posts
Tom Shallcross
  • Rental Property Investor
  • Chicago
Replied

@Jeff Johnson - when doing rehabs I have vacant dwelling coverage with a builder's risk premium for the rehab amount. When doing HML, my lender enforces the dwelling amount be the loan size (whatever % of LTC) an also carry the builder risk for the rehab amount.

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