Updated over 10 years ago on . Most recent reply
Insurance Coverage
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
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James Wise
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James Wise#4 All Forums Contributor
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- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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.