What is the yearly cost for insuring a rehab property prior to sale/flip?

[Account Closed]

Hey all.. if you had at least 12 to 15 properties scheduled for remodeling/fixup, I am hearing others say they typically take out some sort of builders and general liability insurance to cover things like vandalism, disaster of some sort, sub contractor injury on property etc... I also hear that it could be a pain finding a source to obtain coverage and some say they don't usually have to take out this insurance. Is this a necessity? What are some of the estimated cost for such a coverage per year? I hear this is different from regular insurance to protect renter. Anyone had to cover rehabbed properties or have an idea what the yearly cost range is? Thanks!