@Fetch PhoenixI'll add something that may apply....your current policy may already exclude wind and/or fire, which means that you could already be without protection. 

A company out of Canada I think that says they do placements for insurance companies for displaces families. 

Lots of people in higher risk zones are seeing 100%+ or even canceled policies with no option to renew. 

I would check with your insurance agent and the city.

Tenants like to set up insurance, show proof to the Landlord, and then immediately cancel the policy after moving in.

For a single property, a strong umbrella insurance policy may offer sufficient protection at a lower cost.

A refinance into an LLC avoids this risk but typically requires a commercial loan with higher rates and stricter terms.If asset protection is the main goal, umbrella insurance may suffice without disrupting financing.

PachalAUTHOR · CONSULTANT · SPEAKER · COACH · INVESTORSubject2Institute.comRegarding the insurance aspect of a subject to deal, what are the main questions you would ask an attorney to ensure the deal is structured correctly as it relates to the insurance policy?

-save $1k+ in taxes and fees yearly-can use the savings to get more insurance and a higher liability than the value of house. for flipping houses in California does anyone just put into sole proprietor own name and just use the $1k+ in savings for LLC costs into Insurance or use for savingor am I just being too risky. 

Check your insurance, I’ve seen a lot of people specialize in renting to group homes or care facilities so there must be a commercial policy for this.