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All Forum Posts by: Daniel Jaros

Daniel Jaros has started 1 posts and replied 2 times.

Insurance

Post: Do I really need a "Builders Reno" policy?

Daniel JarosPosted
  • Lender
  • New Hampshire
  • Posts 2
  • Votes 0

Thanks guys. Ill call around but it sounds like this is just another lessoned learned through the process and the cost is going to be in that ballpark anyways. 

0 Votes
Insurance

Post: Do I really need a "Builders Reno" policy?

Daniel JarosPosted
  • Lender
  • New Hampshire
  • Posts 2
  • Votes 0

Hi. I am about to flip my first house and I'm already learning a lot. I just got a quote from my primary insurance company. They said that I need a "builders renovation" policy. Renovations should take about 2 months and I got quoted $1,300 for just a 3 month policy. This was about $1,000 more than I accounted for in my insurance numbers so I'm wondering if I really need this type of policy or can I just get a regular homeowners insurance policy? Or is there something else that is cheaper? Thanks for any advice!

0 Votes