Insurance on a Rehab property?

Rehabbing, Fix and Flip, Rental Properties
1

What are most Hard Money Lender’s hazard insurance requirements on a rehab property that you will flip within 3-6 months?

Paying a full year of Hazard insurance upfront seems like a terrible waste of money if you don’t have to (I do realize that for traditional financing or a buy and hold strategy this is required).

Are there 6 month Insurance policies available? If so, anyone know of an insurance broker in the Dallas Texas area that can provide such a policy?

2

My insurance agent is in Dallas, and he is awesome for my rental. I haven’t done a rehab yet, but give him a call and see what he says. Nick Pattillo 214-770-3298

3

I’m working with an investor who has a hard money loan through Acquisition Funding. They just require builder’s insurance.