Hey. Today was the closing day of a property I had bought directly from a US seller. Now I want ...
Hey. Today was the closing day for a property I bought directly from a seller in the United States. Now I want to insure him, but I'd love if you could answer me some questions before -
What type of coverage is it customary to insure a home purchased for Flip's purpose in the USA? Risk and liability should suffice?
What is the price range of such insurance?
(Indianapolis IN, 2 / 1, 1100 sq)
Is it possible to insure for a few months, or is it only a year?
Is the payment in advance? monthly? At the end of the period?
And finally, can someone recommend a company or agent that he or she worked with or recognized in Indianapolis?
Thank you!
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It is recommended that insurance between six months and a year is a bit more expensive because the property is in renovation and do not live in it but it is preferable and certainly also on the price including the betterment at the end (it is very important that the insurance assessor deserves to have an exemplary order which means that there will be no garbage thrown out in those contenders should paste on the front window And back signs Private area No entry Fire extinguisher and smoke detector even on batteries)
Call the insurance agent (and there are many) to explain exactly what you need and they will do the job
Matan TurgemanPM you.
There is Master Policy insurance that covers periods of renovation, most companies will not agree to insure an empty asset and should be tested in each country
I would do insurance for a year, pay by standing order a monthly payment (12 payments) and when you sell you will cancel the insurance, even if it is after half a year, so you have coverage all the time… It's a little money to save it…
Empty property insurance - around $ 1000
As for the amount of time, you choose to choose. Overall, I do not think there are less than three months in Flip's property (at least here)
Hi. I invest in another country but the rules here are pretty similar. Each country has different types of insurance before need (an area with a risk of floods, earthquakes, storms, etc.). As for payment, you can deploy for months and cancel whenever you want. Recommend leaving insurance because overall it is a little money versus damage.
A house here that we bought for the purpose of Flip, trusts in different insurance suitable for renovations. Hope I helped. Successfully
Thanks for providing the post. I'm sure forum members can help you! ?