Insurance policies and companies for fix and flip?

[Cassie Jones]

Hello! I am in the process of purchasing my first investment property in Atlanta, GA that I will fix and flip. What is the best insurance to get? I read other forums that say Builders risk and vacant home insurance but I am wondering if this covers all aspects? I am also looking for recommendations on insurance companies.

thank you!

Cassie

[Jason Bott]

Originally posted by @Cassie Jones:

Hello! I am in the process of purchasing my first investment property in Atlanta, GA that I will fix and flip. What is the best insurance to get? I read other forums that say Builders risk and vacant home insurance but I am wondering if this covers all aspects? I am also looking for recommendations on insurance companies.

thank you!

Cassie

 Cassie, there are several insurance programs who have insurance policies created specifically for flipping.  These programs give you the ability to adjust the occupancy of the property from Vacant, to Rehab, back to Vacant or Occupied as a rental on a single policy.  These programs work best for 1-4 unit buildings.

When flipping larger multi families or commercial properties, you will find a traditional Builders Risk will be a better fit and will have a more competitive premium.

I will PM you additional info.