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Updated over 6 years ago on . Most recent reply

User Stats

38
Posts
32
Votes
Neal A.
  • Philadelphia
32
Votes |
38
Posts

Insurance suggestions for flips?

Neal A.
  • Philadelphia
Posted

I’m currently under contract for a “fixer upper”.  For my buy and hold business. 

I engaged my normal insurer for the basics but they refused to cover the property based on its condition. 

Namely the roof is shot, so is the heating, and it needs some pointing repairs. All of which we considered when we placed on offer. It occurred to me that flippers likely find themselves in this situation.

Any suggestions? 

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