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Maher Bateh
  • Investor
  • Jacksonville, FL
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vacancy insurance?

Maher Bateh
  • Investor
  • Jacksonville, FL
Posted

Just got my first home to flip and need some info on vacancy insurance. What should I expect to pay? I assume its by month? Any formula I can use to estimate cost? Help is appreciated. Thanks!

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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
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Steve Babiak
  • Real Estate Investor
  • Audubon, PA
Replied

If you eventually turn the vacant property into an occupied rental, be sure to notify them when the change occurs; and you at that point would also want to check into loss of rents coverage.

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