Rental Property Investor · Porter Ranch, CA · Member since 2016 · 31 posts · 40 votes
I've followed up on several leads here in the forum, but none currently cover in FL. What recommendations for flip insurance do you all have? Right now I'm looking at foreclosures, so there may be the added issue of evicting the residents. And of course on purchase, the roofs may be older, which is typically a "no go" for traditional insurance.
New to Real Estate · Tampa · Member since 2022 · 20 posts · 12 votes
3y
For my first flip I used NREIG. 2br/2bt 886sqf condo : $1280 annual. For my second one I'm using SSW Insurance out of Land O' Lakes. Same unit type/size in the same community: waiting for quote.
For my first flip I used NREIG. 2br/2bt 886sqf condo : $1280 annual. For my second one I'm using SSW Insurance out of Land O' Lakes. Same unit type/size in the same community: waiting for quote.
I got the quote back from the 'new' provider. It was about 60% more and the cancellation refund terms are not good. Basically there is a base fee + monthly and you only get back 50% of the unused portion.
Real Estate Agent · Cheyenne, WY · Member since 2020 · 122 posts · 64 votes
3y
I have a STR in Florida and twice now my insurance companies are cancelling because they're pulling out of the market. FL is hard to insure!!! I hope you can find something reasonably priced.