Where can I find Flipping Home Insurance - Louisiana

Question

Does anyone know where I can get Home insurance for a flip in Louisiana?

Thank you in Advance!

Jay Hinrichs · Answer

many of us use builders risk policies.

Will Fraser · Answer

Hi Kera! I'm not sure about LA in particular, but Oklahoma (City) is considered a high risk area (thanks Tornados and never-stopping Wind!) and the best policies I've been able to find for my flips are usually Fire policies through SafeCo (owned by Liberty Mutual). You might try them, and if you find a significantly better option I'd love to know about it!

BTW I find my insurance through an insurance broker who is a fellow investor in my market -- that could be a good connection to have in your target market.

Blessings,

Will

BTW I find my insurance through an insurance broker who is a fellow investor in my market -- that could be a good connection to have in your target market.

Blessings,

Will

Clint Galliano · Answer

@Kera McMiller

Some people use insurance brokers and others use companies tailored to investors.

When we were rehabbing one of our rentals, we used a builder's risk policy. It was a steep premium for either a 3 or 6 month policy.

Since then, we use a company that puts everything on a master policy, so we can add or remove options as needed.

Susanita VanGood · Answer

Do you use SafeCo for both flips and rental properties?

John Shawareb · Answer

Yes I agree you should look for a broker. I am a insurance Broker in Oklahoma City and a realtor. I have several investors that have gone through a special investor program we carry when you own several properties that is the best cost. Under 5 properties I usually use a company such as SafeCo. Also what ever state your company is domiciled you would be able endorse other states if you are setup with a commercial insurance policy.

Where can I find Flipping Home Insurance - Louisiana

Where can I find Flipping Home Insurance - Louisiana

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