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.