Insurance for flipping houses?

[Tim McGough]

Is there any type of insurance company out there that specialize in insurance for properties that are going to be flipped? Knowing it’s vacant but has people there every day.

[John Mocker]

Tim,

The types of policies we use normally for a Flip are:

1. Renovation Builders Risk - insures the existing structure and the renovations
2. General Liability policy -  insures the owner of the property 

If you are acting as the General Contractor (GC) you may also need Workers Compensation coverage.  

There are several good markets we use for the flipping but they may not apply in your area.  I would recommend contacting several Independent Agents (represent multiple) companies in your area.  If there are any that you know deal with Real Estate Investors that would be a good start.  Other Agents to check into are ones that insured Builders or Contractors.