properly insuring your flips

properly insuring your flips

Chicago, IL · Member since 2014 · 37 posts · 6 votes

We are looking for an insurance provide for our flips. We have and are currently using a national vendor but feel the costs are just getting too high.

I would love to hear who people are using to properly insure their flips.

I am located in Chicago and would prefer a local vender but not a necessity. 

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  • Insurance Agent · Appleton, WI · Member since 2012 · 42 posts · 11 votes
    10y

    I actually work for Farmers and I live in Minneapolis.  I have insured many vacant properties with a number of products we have.  Talk to a Farmers agent in your area.  Every area is different, but I think they have the same programs down there.

    Todd

  • Chicago, IL · Member since 2014 · 37 posts · 6 votes
    10y

    Thanks Todd - I will try them!

  • Jason BottPro Member
    Insurance Agent · Nationwide · Member since 2014 · 2k+ posts · 1k+ votes
    10y

    @Matthew Putnick There are specific insurance programs for flippers.

    Some of the advantages,

    1 policy for all locations

    1 Policy can handle the property being vacant, rehabbed or rented

    Month to month billing.

    I will PM you more info.

  • Home Inspector and Real Estate Investor · Bloomington, MN · Member since 2015 · 38 posts · 9 votes
    10y

    I use Affinity. I had my local Farmers agent (whom I've used for over 20 years) quote on flips and rentals, and he wasn't competitive at all.

  • Flipper/Rehabber · Alexandria, VA · Member since 2014 · 461 posts · 262 votes
    10y

    I go through my local Farmer's agent. The insurance actually comes from Foremost Insurance. 

  • Contractor · Los Angeles, CA · Member since 2015 · 4k+ posts · 1k+ votes
    10y
    Jason Bott Maybe you can post it for the public readers to read on what they are looking for, it will also help the search bar when they are using it.
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