Flipper/Rehabber · NC · Member since 2024 · 1 post · 2 votes
I recently acquired two properties in North Carolina for rehab and flipping in next 2-4 months. I am currently in market for best rehab insurance that is resonable and reliable incase of any claims. Any recommendations or leads ? What is your experience with Obie insuarnce and Safeside insurance ?
Also I am considering purchasing a yearly plan and request for a prorated refund once I flip the house. Is it a good idea ? Some of insurance provider quote 25% premium which is the minimum they hold if I end the insurance early. Is that reasonable ?
No experience with the 2 you mentioned, but I'm a fan of paying the year so I don't forget next month/quarter and the coverage lapses. My insurers reimburse me for what I didn't use; it can take a few weeks for the check to come, but that's just cash flow management then. The amount shouldn't be massive (all things considered) so if that's the case, give yourself the peace of mind.
I recently acquired two properties in North Carolina for rehab and flipping in next 2-4 months. I am currently in market for best rehab insurance that is resonable and reliable incase of any claims. Any recommendations or leads ? What is your experience with Obie insuarnce and Safeside insurance ?
Also I am considering purchasing a yearly plan and request for a prorated refund once I flip the house. Is it a good idea ? Some of insurance provider quote 25% premium which is the minimum they hold if I end the insurance early. Is that reasonable ?
NREIG is the one I hear of the most, never used those others. I use a broker, she shops for me. I'm focused on coverage not pricing though.
No experience with the 2 you mentioned, but I'm a fan of paying the year so I don't forget next month/quarter and the coverage lapses. My insurers reimburse me for what I didn't use; it can take a few weeks for the check to come, but that's just cash flow management then. The amount shouldn't be massive (all things considered) so if that's the case, give yourself the peace of mind.
I recently acquired two properties in North Carolina for rehab and flipping in next 2-4 months. I am currently in market for best rehab insurance that is resonable and reliable incase of any claims. Any recommendations or leads ? What is your experience with Obie insuarnce and Safeside insurance ?
Also I am considering purchasing a yearly plan and request for a prorated refund once I flip the house. Is it a good idea ? Some of insurance provider quote 25% premium which is the minimum they hold if I end the insurance early. Is that reasonable ?
@Chand Sett I know it's been a few months, but I'm just seeing your post now. I'm one of the Obie Co-Founders. Congrats on the new acquisition in NC. We have a few in the Charlotte area still. Love the NC market.
If you have any questions on your insurance now or in the future, always happy to chat.