Insurance for badly distressed properties while I flip them

[Benjamin Carbrey]

I am starting to flip homes in detroit, mi in some up and coming areas. Buying 3000-4000 sqft homes for 150ish and doing 130,000 or renovations.

The properties are in such bad shape no one will insure me so my hard money lender may back out since I cant find insurance.

The trouble is the houses have roof leaks, crumbling porches, broken windows and debris in the yard, all things insurance companies hate.

And no, a normal vacant and under renovation policy wont work. They look at the photos and the agents say no. Any ideas?

What insurance company will do any sort of insurance of these badly distrssed homes in michigam?

[Jason D.]

@Benjamin Carbrey you want a builders risk policy. I just got a very reasonably priced policy through NREIG, I'm sure they will be able to insure you.