Insurance for flip

[Bob Bridges]

Under contract for our first flip. I am curious about how to best handle insurance on a flip. I am sure the Insurance companies are not happy with short term coverage.

[Gary Bailey]

Builder's risk is typically used for new construction homes. I'm not saying it's the wrong type for your situation, I'm just saying that we typically get 2 policies: Dwelling Fire (which includes vandalism) and General Liability. These typically cost around $100/month total for both.

Check out National Real Estate Insurance Group. They came highly recommended by our REIA chapter and we have bought over 68 policies from them this year. Plus, they have a great online form for ordering new policies once you are set up in their system.

Gary