Vacant house insurance - Texas

[Stephen Camardo]

I'm about to purchase a vacant house to rehab in Texas (it's owned by a friend who received it as part of an estate) - any leads on where I can get a vacant house insurance policy. Called a few insurance companies (national) and they don't provide.

thanks,

steve

[Julia Blythe]

I echo what @William Robison said above.  Go to:  www.nreinsurance.com

National Real Estate Insurance Group by Affinity Group is an agency that specializes in insurance for investors.  As William mentioned, a lot of us here on BP (including myself) use them and they have a program specifically designed for investors that make it very easy, at the best rates in the industry.

You will first need to purchase Builder's Risk insurance (of which you can have theft added).  During the course of your flip, you will need to increase the value (as the reno progresses).  Once you are done with the flip, you simply switch it over to Vacant Property insurance.  

This company really makes it easy and you can add additional properties very simply within minutes.  Please don't waste your time trying to get information from your regular insurance carrier.  They have no clue!  ..... I speak from experience as I, at one time, wasted major time only to get ridiculous proposals from State Farm, Nationwide and Allstate, as they typically don't understand what we need and don't write these policies themselves and have to look to at a larger underwriter.

(I am in no way affiliated with National Real Estate Insurance Group or Affinity Group other than being a satisfied customer.)