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Updated over 1 year ago on . Most recent reply

User Stats

5
Posts
4
Votes
Stephen Page
  • Rental Property Investor
  • South Carolina
4
Votes |
5
Posts

First House Flip - Question about insurance?

Stephen Page
  • Rental Property Investor
  • South Carolina
Posted

Hey guys! 

I have my first house flip under contract. I called my local insurance agent about quoting the property. I explained it was a fix and flip and she provided a standard homeowners policy with what looks like coverage for builders risk/renovation. It was higher than I anticipated. 

My question is, does any have a recommendation for an insurance company or agent who specializes in insuring fix and flips? Or anyone they would recommend to speak to about getting a quote.  

Would also love any feedback on insuring these flips that maybe I’m not thinking of! Thanks in advance! 

Most Popular Reply

User Stats

20
Posts
12
Votes
Greg Appelt
  • New to Real Estate
  • Tampa
12
Votes |
20
Posts
Greg Appelt
  • New to Real Estate
  • Tampa
Replied

@Stephen Page - I use NREIG for my fix/flips. Very convenient on-line portal and very good rates. Their phone customer service has been stellar for me, but I've heard from 1 other person who had a bad experience. I did try using a local insurance broker that I met at a REIA meeting. They couldn't come close to NREIG for my fix/flip, but they saved me loads on my car insurance.

  • Greg Appelt
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