Insurance during Construction

[Jonathan Z.]

Hey amazing BP members!

We have a quick question regarding insurance for properties that we are in the process of rehabbing.  The quotes we are currently getting are quarterly but generally more than the amount for insurance on a finished property for a whole year!

Does anyone have any suggestions on how to approach it so that it is affordable but will still satisfy/protect us and our lenders? 

I feel like I am using the wrong lingo or something when I inquire about it, it becomes this whole ordeal and the price gets all jacked up by the end of it. What type of coverage do you guys usually ask for and what kind of rates to you generally get? 

If anyone has any references we could reach out to about getting coverage that would also be greatly appreciated! Thanks!