Investor · Jupiter, FL · Member since 2015 · 54 posts · 5 votes
Does anyone have a referral or suggestion for an insurance policy to cover me in a fix and flip investment? Do I need builders risk insurance? No major renovations, just cosmetic. Paid cash and ARV roughly $150k. I could only find a 90 day vacant home policy for $700 that needs to be fully paid. The single family home is located in Saint Lucie County, FL.
If anyone has suggestions on type of coverage and what to look for, I'm all ears!
Check out http://www.nreinsurance.com/ - They are sending me some quotes for a couple of projects I'm getting ready to turn on down here in Florida. Seems to fit the bill. I can't speak to their service but the program is exactly what I need for my flipping business.
@Tim Norrisoperates. They will give you either builders risk or vacant property coverage on a monthly premium rather than those pre-paid policies that you find elsewhere. That might be what you need.
thanks @Steve Babisk , @Travis Hamilton for the replies. I've contacted http://www.nreinsurance.com/ for some quotes on my specific properties. I'll update the post with which policy I end up choosing.
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