Imagine if they start a fire and the insurance company invalidates your coverage!

Brandon & Tyler, Most of my flipping clients use a program where the Builders Risk piece is an endorsement to a standard policy, making it possible to go month to month & give the lender an annual policy.The program may not have all of the coverage a standard Builders risk has, such as coverage for building materials in transit, but it fits most single family flips.If you go with a traditional Builders Risk, most policies are non-refundable;  the insurance term is "Fully Earned". 

I couldn't answer any of these without knowing what coverage is provided by your HOA and what your insurance policy covers.I know an HOA that only covers the exterior and common areas, but only due to natural decay.

My rentals each have a State Farm landlord/investor policy that has $2M in coverage.

It's comprehensive with national criminal and credit report along with most wanted lists. 

If the property is vacant your existing policy may have a clause that reduces the coverage after ___ days of vacancy (ie 30, 60, etc.). 

Land $600,000/ Acre FAR: 0.33 per acre Construction costs (buildings only) $150/ square foot Land and infrastructure improvements $25,000/ acre Fees of $20 per square foot Soft costs 20% of all costs excluding land LTV of 80% Mortgage 25 years 6% Debt coverage 1.25 Needed return 10%---Front door Analysis.

You take a risk which could result in cancellation of your title insurance and complete loss of your real property without compensation in the event that a title issue regarding your real property arises.Contact your title insurance company to determine coverage and if your policy does cover transfers , and when or how.

You take a risk which could result in cancellation of your title insurance and complete loss of your real property without compensation in the event that a title issue regarding your real property arises.Contact your title insurance company to determine coverage and if your policy does cover transfers , and when or how.

@Mai Vo I'm with Mai on this one is it risky going without coverage, @Mark Fagan, will you carry a hazard insurance for a fire?