Updated over 13 years ago on . Most recent reply
Insurance for flip homes
What type of insurance are you getting for your flip homes and where do you get it from? All the insurance agents I have contacted have rejected insuring a flip home. I finally found one company but it costs $585 for 3 months. ouch.
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My Farmers Agent is able to write a policy through Craftlake Insurance Agency (here in CA, not sure about other states) and while it is the $500 per 3 month deal, it is well worth it in my opinion. Skimping on insurance opens the door to potential huge losses to the investor. Why take on unnecessary risk, just pay the fee!