All Forum Posts by: Jennifer Lubkin

Hello, I was wondering if others in Texas are currently having difficulty obtaining Builder's Risk coverage for flips / renovation projects. My agents have requested quotes from a multitude of markets, big and small, only to hear that the carriers have no appetite for this type of risk. Liberty Mutual currently has a moratorium on Dallas, TX and several other major markets due to "civil unrest." My last deal, which sold recently, was covered by Liberty at full replacement value, $1,000 deductible, and with a $500 minimum earned premium (which is great for short holds). Is anyone else hearing this?  Has anyone obtained Builder's Risk coverage since the last week in May 2020?  

Hello, I was wondering if others in Texas are currently having difficulty obtaining Builder's Risk coverage for flips / renovation projects. My agents have requested quotes from a multitude of markets, big and small, only to hear that the carriers have no appetite for this type of risk. Liberty Mutual currently has a moratorium on Dallas, TX and several other major markets due to "civil unrest." My last deal, which sold recently, was covered by Liberty at full replacement value, $1,000 deductible, and with a $500 minimum earned premium (which is great for short holds). Is anyone else hearing this?  Has anyone obtained Builder's Risk coverage since the last week in May 2020?