Tampa Bay Flip House Insurance

[Tyler McDaniel]

Can anyone give a recommendation for house insurance on a property I am flipping in the Tampa Bay Area? I will be using a contractor and not doing any of the work myself if that matters. Also, what type of insurance should I get? I have had a few different opinions from DP1 or “Vacant”. Please help!

[Brandon M.]

@Tyler McDaniel- why does your HML want a full year? Does he think you will take that long? I get builder’s risk for mine, I usually pay $500-600 for a 6 month policy. Maybe your HML would allow you to do a 6 month policy and let you put the other 6 month premium in escrow or something in the event you needed to re-up. I have also dealt with other companies who will do 2, 3, 4 month policies.