Insurance requirements for rehab/flip?
Just curious what insurance is needed for a rehab/flip? I'm not looking to hold and rent them out.
On my first flip, I don't exactly remember for sure what insurance we received. I know we paid quarterly and it was about $320 each quarter.
Purchase price of the property was about $60K with an approximate value of $115K after rehab.
I'm out looking for #2 now and would like to see what options there are out there. $320 seemed steep, but I trusted my insurance carrier that this was the best option.
Thanks in advance!