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Updated over 9 years ago,

User Stats

13
Posts
1
Votes
Julia Yagodina
  • Residential Real Estate Agent
  • Carlsbad, CA
1
Votes |
13
Posts

Roadblock with finding home insurance for a flip

Julia Yagodina
  • Residential Real Estate Agent
  • Carlsbad, CA
Posted

I'm closing in 3 days on my first flip. Everything is going great so far, but I can't find a reasonable insurance. I budgeted $100 per month on 1500 sq ft home and all quotes that I'm getting are $500 and more per month Here is what insurance companies are saying:

"Most of our standard markets have declined to quote because they don’t like writing vacant homes especially when you are flipping it."

Should I not mention that home will be vacant or that I will be flipping it? I did not think that insurance would be a problem. I'm in CA. Any help would be appreciated.

Thank you

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