Houston, TX · Member since 2016 · 6 posts · 1 vote
10y
I am interested to see what the responses will be to this.
I cannot speak to this particular case, but in my experience (outside of real estate), you get what you pay for. I would be especially cautious when dealing with insurance given the nature of the business and the impact it can have on your finances/investment. Again, I have zero experience in purchasing insurance for the scenario you are describing, just my two cents from experiences in other industries.
I hope someone is able to lead you towards a reputable insurance provider that has "good and cheap" coverage.
Good luck on your first rehab! Hope all goes well.
Coppell, TX · Member since 2013 · 37 posts · 14 votes
10y
Mmmmhhh I was thinking the same for my first flip, but then, I wouldn't be willing to run risks associated with the flips. I would be very mad if someone breaks into my sold house and get my nice stainless steel appliances and not have enough coverage to buy it again for the buyer, I prefer to sleep well at night.