Flipping Insurance

[John Gregg]

Hello,

I am a long time reader, first time poster. I've renovated a few houses in Washington DC for investment purposes. On my last project, I started searching for insurance for the renovation/selling time period. I looked around for a while and the best coverage I could come up with was "vacant home" insurance. It cost about $700 for 6 months, which I didn't think was too bad. However, I was wondering if there were other, better, cheaper insurance options? I am not a licensed contractor, so was told builder's risk insurance wasn't a possibility. Anyone have any advice?

Thanks in advance,

John

[Steve Babiak]

If you don't want to pre-pay those earned non-refundable premiums for several months, the company in @Tim Norris ' profile will insure your rehabs with premiums paid one month at a time.  It's a pain when the rehab runs a little long or it just takes a bit longer to sell than you anticipated at first, and then your insurer wants several more months pre-paid earned non-refundable premiums to keep you covered ...