Updated almost 9 years ago on . Most recent reply
Insurance While Repairing Home for Flip?
I haven't flipped a home yet but am in the process of securing financing. Quick question though, what are the insurance requirements for a property that you buy that you're going to flip in 30-90 days? Do you use the same insurer that you have your primary residence with or are there others that cater to this industry? I'm in Texas, I'd love to hear from anyone with experience here. What is the best/cheapest option? Thanks!
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Wayne Brooks
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
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You'll need a Builders Risk policy for flips, covers them while vacant.