Home Insurance for Flipping in Delaware?

[Jordan Kim]

Hello BP community,

I am thinking of getting home insurance on my recent flipping project in DE.  I need an insurance company that will insure vacant house in DE.  Any suggestion?

I learned my lesson on my last project by having my brand new AC stolen from the vacant house.  I figured I could get by not having insurance since it was quick flip (4month), and it was pretty decent low crime area (rural).  Boy I was wrong.  Later, I've heard that there are crooks going around stealing outside AC units.  Having say that, the insurance policy should cover any theft and vandalism.  :)

Please let me know if you know any!  Thanks!!!

[Eric Armstrong]

Jordan,

You will need a "Builders risk" policy.  I don't have a referral for you but I recommend you go to the DelREIA Facebook page and ask the same question.  There are many house flippers on there and I'm sure you will get several referrals for local insurers.

Good luck

Eric