Insurance Coverage

[Kirk Barber]

I am flipping homes in the West Phoenix area.

The insurance agent that handles my rentals won't issue me a rental policy (cost about $550.00 per year) on the homes I am flipping as they are vacant.  Instead, he insists I purchase a policy for vacant property that costs a little more than $100.00 per month.

How are you other flippers in my area insuring your properties during rehab?

Thanks.

Kirk

[James Wise]

I imagine that is going to be the answer you get across the board.

Every insurance agent I have ever dealt with had the same policy.

The home is vacant. The policy is for a vacant property.