Rehabbing & House Flipping

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Will F.
  • Investor
  • Los Angeles County, CA
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Insurance for flipping

Will F.
  • Investor
  • Los Angeles County, CA
Posted Nov 3 2014, 14:18

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.

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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
Replied Feb 23 2018, 20:38

@John Razz I'll send you some info now.  Good luck in your new venture!

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Carol Birnberg
  • Knoxville, TN
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Carol Birnberg
  • Knoxville, TN
Replied Feb 24 2018, 06:20

Would u add that insurance even if it’s for 1 month?

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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
Replied Feb 24 2018, 08:51

@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.

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Carol Birnberg
  • Knoxville, TN
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Carol Birnberg
  • Knoxville, TN
Replied Feb 24 2018, 09:39

u answered my question. Thanks.  

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Carol Birnberg
  • Knoxville, TN
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Carol Birnberg
  • Knoxville, TN
Replied Feb 24 2018, 09:41
  1. & pls send me inf about the insurance. I am pulling the trigger......so i rather have insurance as well

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Carol Birnberg
  • Knoxville, TN
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Carol Birnberg
  • Knoxville, TN
Replied Feb 28 2018, 19:15

ohh pls send me your inf to check on rates for insurance . 

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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
Replied Feb 28 2018, 20:41

@Carol Birnberg sending now.

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Stefano Grottoli
  • Realtor
  • West Orange, NJ
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Stefano Grottoli
  • Realtor
  • West Orange, NJ
Replied Feb 28 2018, 20:46

Send it to me as well please!

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Francois Martin
  • Wakefield, RI
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Francois Martin
  • Wakefield, RI
Replied Mar 13 2018, 03:19

I am starting a flip in RI and my regular insurance broker is not reponding. Can you send me info please? Thanks

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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
Replied Mar 13 2018, 06:42

@Stefano Grottoli & @Francois Martin I'll send over now.

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Judy Hao
  • Flipper/Rehabber
  • Las Vegas, NV
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Judy Hao
  • Flipper/Rehabber
  • Las Vegas, NV
Replied Apr 23 2018, 17:36

@Jason Bott - I am interested in the program. Can you please send me the info? Thank you!

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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
Replied Apr 23 2018, 20:55

@Judy Hao I'll send over now. 

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Replied Apr 23 2018, 21:18

@Jason Bott

May I get that insurance info as well?  Thank you so much, Jason!

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Replied Apr 23 2018, 21:27

@Jason Bott

May I get that insurance info as well? Thank you so much, Jason!

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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
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Jason Bott
  • Insurance Agent
  • Milwaukee, WI
Replied Apr 23 2018, 21:44

@Joo Park no problem. I'll PM you

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Luz Pagan
  • Flipper/Rehabber
  • Highlands County
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Luz Pagan
  • Flipper/Rehabber
  • Highlands County
Replied Jun 24 2018, 15:13

Hi Jason,

Can you PM the NREI information?

Thank you,

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Brandon Reda
  • Saint Charles, IL
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Brandon Reda
  • Saint Charles, IL
Replied Jun 24 2018, 17:07

@jason bott can you also PM me the info about the NREI program? Thanks in advance!

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Ryan Steiner
  • New to Real Estate
  • Pottstown, PA
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Ryan Steiner
  • New to Real Estate
  • Pottstown, PA
Replied Jul 17 2018, 04:04

I know this is an old thread but would love the contact info if you don't mind sharing?

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Nancy Zhao
  • San Diego, CA
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Nancy Zhao
  • San Diego, CA
Replied Jul 18 2018, 03:01

Anybody tried Foremost? NREI is kinda expensive on larger higher end properties, especially ones that do not require extensive rehab.

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Joseph ODonovan
  • Rental Property Investor
  • Ridley, PA
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Joseph ODonovan
  • Rental Property Investor
  • Ridley, PA
Replied Jul 18 2018, 03:17
@Ryan Steiner I have my first flip under contract. I got a Builders Risk policy from Snyder & Moore Agency in Exton, PA. My contact person was Kevin Roache. Don't have his contact info at my fingertips but just google the company name. Good luck!

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Ryan Steiner
  • New to Real Estate
  • Pottstown, PA
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Ryan Steiner
  • New to Real Estate
  • Pottstown, PA
Replied Jul 18 2018, 03:28

Thanks, Joseph! I appreciate it!

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Replied Sep 24 2018, 11:10

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.

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