When should I buy Renovation insurance in New Orleans?

There are a few reasons you need to purchase a home renovation insurance policy in New Orleans and we can discuss a few here below

  • Remodel a new home purchase
  • Remodel a home before you list it up for sale
  • Renovate a vacant property

Not every home you buy is ready to be occupied or ready to lease to a new tenant

For Real Estate investors buying and selling investment property often requires a renovation project

If you just need to paint and clean and you or a tenant can occupy the property in 30 days you are probably ok

HOME RENOVATION INSURANCE AND HOW DOES IT WORK

You want to determine the cost of the renovation to your home and the purchase price to determine the insured value or the insurance amount you want to buy

$100,000 purchase price

$50,000 renovation

$150,000 insured valued or the cost to rebuild your property

You would want to buy a 150,000 renovation home insurance policy

WHAT IS THE LENGTH OF THE POLICY?

You can purchase a policy on a month to month basis

Pay for one month of renovation and keep buying each month until the project is complete

The policy should include most of the insurance coverage you need like wind, hail, fire, theft, vandalism and water damage and also you want to make sure you have Lawsuit liability protection up to 1,000,000

Our new Home Renovation Insurance program is for home sellers of a single property or Real Estate investors that are buying homes and flipping them a month or two later to turn a profit

NEW ORLEANS RENOVATION INSURANCE 

Buying homes in New Orleans may require a renovation project and a standard policy will not cover any remodeling to the property when the property is vacant

You need to find the best New Orleans insurance broker who can specialize in renovation insurance for rental property insurance or homes going up for sale

If you want to review our Home Renovation Insurance program complete quick form so we can get started