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Updated almost 4 years ago on . Most recent reply
Short Term Insurance for Flips
Hi everyone! I wanted to see if anyone had advice on home owners insurance when flipping properties. I've flipped one so far and just got regular home owners insurance, bundled it with my car and then cancelled. It was a lot of paperwork and I'm not sure it makes sense to do consistently, also they want you to "live" in the home which I'm not planning on doing going forward. Any recommendations around insurance for properties while flipping?
Most Popular Reply
Originally posted by @Emily L. Wiersema:
Hi everyone! I wanted to see if anyone had advice on home owners insurance when flipping properties. I've flipped one so far and just got regular home owners insurance, bundled it with my car and then cancelled. It was a lot of paperwork and I'm not sure it makes sense to do consistently, also they want you to "live" in the home which I'm not planning on doing going forward. Any recommendations around insurance for properties while flipping?
There is special insurance for unoccupied properties that are under construction. Describe the specific situation to your insurance agent and they can direct you to the correct insurance.