Insuring properties that are being rehabbed or vacant..?

[Brenda Hamstead]

Who do you use to insure your Fix and Flip properties. Do you get one type of policy while the rehab is being done (Builder's Risk?) and then another type after you get the CO and it is vacant and on the MLS? Any advice is greatly appreciated!

[Jason Bott]

Originally posted by @Brenda Hamstead:

Who do you use to insure your Fix and Flip properties. Do you get one type of policy while the rehab is being done (Builder's Risk?) and then another type after you get the CO and it is vacant and on the MLS? Any advice is greatly appreciated!

 Brenda, there are several insurance programs out there for flipping.   The policies have the ability to change occupancy from Vacant to Rehab back to Vacant or Occupied.  Month to month billing on a single policy makes it easy to add properties on and off as you acquire and sell them.

I'll PM you the program my clients use.