I am about to buy a second property that is about 20 mins from my home which I plan to flip within the next year.
I have no problem living in the property as it is in very livable condition during the holding period.
My question is should I go with the same insurance company that my principal residence is under? The reason I ask is because i was wondering will they try to make me pay some outrageous insurance amount for the property being “vacant” . I would think that they would say it is impossible for me to live at both residences so it would be considered vacant and therefore either uninsurable or I would have to pay some high policy amount.
In reality I honestly plan on spending the night there 3 or 4 days a week to basically “protect” my investment.
So does anyone know how insurance companies deal with those sort of issues and does anyone suggest whether or not I choose a different company than the one that my current policy is under.