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Insurance for flipping
What type of insurance do you all recommend for short term real estate holding and construction. Liability, etc? Also how do you generally hold title? LLC?
Our plan is to flip and only hold for 4-6 months.
@John Razz I'll send you some info now. Good luck in your new venture!
Would u add that insurance even if it’s for 1 month?
@Carol Birnberg are you asking if it can be done or if you should have the flip insured if it's just for 1 month?
1) Yes, you can buy coverage for 30-60 days
2) Insuring a property is up to each investor, but if there is some financing involved, it will be required.
I'd say 99% of flippers buy coverage for the property no matter what length of time. You are risking a total loss of your investment, plus more $ to clean up the site, to save $50.
u answered my question. Thanks.
- & pls send me inf about the insurance. I am pulling the trigger......so i rather have insurance as well
ohh pls send me your inf to check on rates for insurance .
@Carol Birnberg sending now.
Send it to me as well please!
I am starting a flip in RI and my regular insurance broker is not reponding. Can you send me info please? Thanks
@Stefano Grottoli & @Francois Martin I'll send over now.
@Jason Bott - I am interested in the program. Can you please send me the info? Thank you!
@Judy Hao I'll send over now.
@Jason Bott
May I get that insurance info as well? Thank you so much, Jason!
May I get that insurance info as well? Thank you so much, Jason!
@Joo Park no problem. I'll PM you
Hi Jason,
Can you PM the NREI information?
Thank you,
@jason bott can you also PM me the info about the NREI program? Thanks in advance!
I know this is an old thread but would love the contact info if you don't mind sharing?
Anybody tried Foremost? NREI is kinda expensive on larger higher end properties, especially ones that do not require extensive rehab.
Thanks, Joseph! I appreciate it!
Jason, I have my first property under contract and expect to close at the end of this week. Can you please send the information as well? I have contacted a rep at NREI and they offered me a builders risk policy and what they sent did not include theft.
I'm looking for property coverage, theft coverage and liability coverage and I thought they offered all three. Maybe I'm asking the wrong questions or not speaking with the righ person.