Flipping/Rehab - Insurance Coverage

[Xuan "Swan" Redding]

Is there special insurance you need to have on flips to make sure the asset is covered during rehab? What are all the type of insurance that need to be in place?

Umbrella policy? etc?

[Jon Holdman]

During a rehab you should use "builder's risk". If its empty, but not actively being renovated, you can drop down to "empty house". Both are expensive and have much more limited coverage that regular policies. You may have to do some searching to find an agent that can write these policies. Beware of "fully paid" policies that won't offer any refund for an unused time.