Remember that your pieces must be sorted by carrier route and the number of pieces in a bundle is limited also.

My insurance carrier is dropping me due to my change in focus and the extra exposure flipping properties apparently incurs.

I asked my homeowners insurance carrier for a quote, but it came out much higher than I expected.  

If the insurance carrier doesn't like that answer, tell them that you will give them details as soon as you have occupancy and an inspection can be schedule.I have a current client in the same situation and I have a quote that we can use to close on the foreclosure, but the insurance carrier has the right to get off the policy if the inspection shows the property has worst characteristics than what we estimated.

I would call the carrier and see if they have any dolly or plan to help and if not go get something.

Biggest challenge will be getting licensed with a carrier.

@Austin Smith  I would not work with investors who are buying cheap SFR;s or real cheap properties I would go to work for a firm that sells multi million dollar properties.. many times you also do a lot of leasing as well.you put in your dues in the 'commercial real estate space you can make serious money get in on all sorts of big time deals and do very very well for yourself.pass on the newbie trained investor who is trying to create there team and who is going ot run you all over the place and at the end of the day can only buy a house or two if they are screaming deals.the other side of htat is to be a listing REO broker for one of the big asset managers or Hud or fannie or what have you.. but trying to build a RE carrier around beginner type investors is a real time waster if you want to make big dough

In reality they are not that expensive when you consider the risks associated, but they are not covered by all insurance carriers.

(If you want to keep him honest, ask him to show you the quotes that he secures for you)A good timeline would be as follows. 1) When you identify a property you would like to acquire - call "your broker" and give him the specs on the property. 2) When you identify the lender you will be working with have them send you or your agent a copy of the insurance requirements to determine if there is any specific language that needs to be met. 3) Identify your closing date and let your broker know he needs to have the quotes ready 2 weeks in advance - If he has been doing this awhile he should be able to provide very accurate indications or estimates before hand.4)Review quotes- pick the carrier-  Make sure all the applications and "subjectivities" are met a week in advance  ( your broker should be able to help you with this) 5) Bind insurance a few days in advance if they need a declaration page or bind coverage and have your agent send a certificate of insurance to the lender prior to closing.

I will create an LLC.Would really appreciate any recommendations on good insurance carriers anyone has worked with for flips and what kind of insurance I should get..Liability?