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Updated almost 7 years ago on . Most recent reply

Monte Mabry's profile image
Monte Mabry's profile image
Monte Mabry
  • from Houston, TX
  • Member since Feb 4, 2015

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16
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6
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Monte Mabry's profile image
Monte Mabry's profile image
Monte Mabry
  • from Houston, TX
  • Member since Feb 4, 2015
Monte Mabry
  • Houston, TX
6
Votes |
16
Posts
Insurance

Builders Risk or Vacancy Policy

Monte Mabry
  • Houston, TX
Posted

Hi Bigger Pockets!

I am closing on a property next week with a hard money loan. The rehab is $45k and expected to take about two months.

I have been quoted a vacancy policy and a builders risk policy but no one has been able to tell me that I should definitely do one or the other. The vacancy policy costs much less.

Does anyone have any experience with this or have a recommendation on which one to go with?

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