Insurance For Investment Properties

Finding property insurance for a fix and flip property is proving to be very challenging.  Most agents do not want to deal with it because the policies do not last a full year.  Some agencies charge for the full year regardless of how long you need it.

One agent quoted me $827/yr.  That was  with $197,000 on the house and $300,000 liability insurance.

Someone else told me $116/mo. That was $110,000 on the house and $1million liability.

I will make more calls tomorrow and get more quotes.  I dont think we need to get $1mil in liability.

Update:

Found a company that does property insurance for real estate investors: National Real Estate Insurance Group. They gave the best quote and they are nationwide. Fix and flips are no problem.

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