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Updated over 8 years ago,
Insurance question for flips help!!
Hi everyone, I now have my first flip under contract! I'm really excited and if everything goes smoothly with the transaction then I should make a higher profit then I originally calculated and that would be wonderful. My question is what is the best/most cost effective way to insure vacant flip homes when they are on the market and also when they are in the rehab phase? My insurance company charges more because the home is vacant. I would stay there part of the time but it will be difficult to stay in 3 houses at a time once I ramp up my flip business to several at a time. I'm sure every state is different as far as insurance laws go. Any ideas or suggestions would be great!! Thanks