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Updated over 14 years ago on . Most recent reply

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How do you insure rehab properties ?

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How should I look to insure rehab properties ? I understand that I can't simply buy "homeowners" insurance for the 60-120 days I'll actually "own" a house...

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Kevin Suksi
  • Real Estate Investor
  • from Dearborn, Michigan
  • Member since Jul 25, 2009
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Kevin Suksi
  • Real Estate Investor
  • from Dearborn, Michigan
  • Member since Jul 25, 2009
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Kevin Suksi
  • Real Estate Investor
  • Dearborn, MI
7
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Kevin Suksi
  • Real Estate Investor
  • Dearborn, MI
Replied

I realize that I am replying to a posting from half a decade ago - unemployment was at 6% or so when this was posted :-) but we're benchmarking this right now. We've been taking out annual policies and then canceling when the house sells. Rates have been 1200 to 1400 per year for the houses we flip, which are 3 bedroom houses 1000 to 1300 square feet in lower crime areas in Metro Detroit. Do those rates sound reasonable?

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