Insurance on flipping / BRRRR a residential home

[Ryan Saulle]

Hey BP members!

I was wondering if you have to get vacancy insurance for the few months while rehabbing a property if you plan on flipping. 

Also if you plan on BRRRR a property, would you get vacancy insurance while you're rehabbing and then cancel that policy and get a different home insurance policy after renters move in?

Thanks, 

Ryan

[John Monday]

It just depends on the insurance company. There are landlord policies that allow for certain periods of vacancy for repairs. You will just need to confirm it with your insurance agent, the periods are usually 30 or 60 days.