All Forum Posts by: Darish D.

I have noticed recently they are using Allianz instead of Lloyds of London. I don't know if this is another carrier they use but I thought I would share that to see if anyone else knows. 

Watson.....great advice. Thank you...any idea how many square feet of the 12mm you got in the 40ft or 20 ft container approximately

Thank you I will email you. 

 I am very much interested in getting a 20 FCL over. Anyway you could advise me I would greatly appreciate. I would need one product only for my first order. 

I buy my laminate from Costco ($1.5 per sq ft) and those Chinese flooring vendors 12mm ( $1 sq ft). Since I mostly use the same product, I wanted to know if anyone can explain how I could order a 20 foot container from China and if the savings will be significant. On Alibaba.com, I am seeing pricing as low as $0.35 per sq foot before shipping which would be substantial.

This is very helpful...thanks. I see that it is currently excluded from my General liability policy so I will be trying to add that in obviously.

Another question I have is once the property is sold, suppose 5 years later a rafter or beam falls on somebody causing injury and the original contractor is long gone which happens a lot in this business. Are there any converges for me the seller? 

@Derek LacyI noticed your response on the other thread and found this interesting posting you made.

So how do you protect yourself from the statue of repose in California? I mean, what if the contractor is long gone 8 years later and a header he installed falls and injures somebody. How does a flipper protect himself for defects after the sale? 

You have provided a wealth of information that is useful and relavent.  I have been considering obtaining a general contractors license only so that I can obtain additional builders insurance to protect myself because going through each contractor's insurance paper work and asking them to add me to their policy is not practical on some smaller cosmetic jobs. As a Broker, I already do have a commercial liability policy and I thought along with Affinity, I would be fully covered. Clearly that is not the case in many scenarios.  since it seems that most of the risk we flippers take is in the hiring of construction workers. If you have any good referrals of attorneys/brokers who specialize in assessing the overall risk and recommending  proper insurance to mitigate those risks, please let me know. 

Thank you BreAnn  for doing this: A few questions (all related to fix and flips and assuming no negligence on my end and that everything was done legally and in good faith):

1) Does Affinity offer a builder's coverage as well? I know my general contractors have their own coverage, but suppose I hired a handyman to install some doors and he accidentally hurt himself using his nail gun or something similar. Suppose he is not my employee and is working under $500 which is our limit in California for non-licensed work. Would he be covered? 

2) Suppose some children decide to jump into the backyard of a fully finished pool and go swimming (without my permission of course)  and God forbid something bad happens. Would the liability cover that? 

3) Suppose one of my Licensed contractors is dishonest about the fact that he has an insurance policy or hires employees for labor without paying for workman's comp and something happens to them. Is the onus on me to have verified his insurance policy or will the general liability cover me? 

4) Finally, suppose one of these handymen I hire messes up resulting in damage to the house itself. Such as smoking and leaving a cigarette out which burns the house or some unfortunate accident. Will the General liability under ordinary circumstances cover that?

I suppose for each of these scenarios, an insurer who doesn't want to pay out could come up with some fine print exception to deny each claim and that is the concern here.  Without giving details of individual cases, do you see successful claims for such incidents?