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Updated over 9 years ago on . Most recent reply

User Stats

9
Posts
1
Votes
Nicodemus Pikras
  • Flipper/Rehabber
  • Pittsburgh, PA
1
Votes |
9
Posts

Investor Friendly Property Insurance Companies in Pittsburgh

Nicodemus Pikras
  • Flipper/Rehabber
  • Pittsburgh, PA
Posted

Hello, as a wholesaler I am curious as to what company(s) others are locally utilizing to work with in relation to having property insurance. Thanks!

Most Popular Reply

User Stats

449
Posts
153
Votes
Jerry Kisasonak
  • Residential Real Estate Agent
  • Mc Keesport, PA
153
Votes |
449
Posts
Jerry Kisasonak
  • Residential Real Estate Agent
  • Mc Keesport, PA
Replied

@Russell Brazil There are quite a few insurance companies that are difficult to work with in the investment real estate space. Some, like State Farm, like their properties to be in good condition before they'll issue a policy. For us, that just isn't practical.

@Nicodemus Pikras I am curious as to why you are concerned about insurance in the first place if your business is wholesaling. If you are never taking title to the property you don't need insurance. Your sales agreement should have a clause that states that the owner/seller is to keep their policy in effect until close of escrow.

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