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Rehabbing & House Flipping

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Al Tulone
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Evan Polaski
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Evan Polaski
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  • Cincinnati, OH
Replied Jan 17 2022, 10:43

@Al Tulone, I carried property insurance for the asset.  Not saying this is the best bet.  I also didn't do any work on the property, which could have required general liability insurance as a contractor.

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Al Tulone
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Al Tulone
Replied Jan 17 2022, 10:57

I was told Builders Risk and Construction General Liability. 

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Joe Splitrock
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Joe Splitrock
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ModeratorReplied Jan 17 2022, 11:02
Make sure the policy covers vacant properties under construction on the structure. You probably want general liability insurance for your business. Someone could sue you if they get hurt on the property or a buyer could sue you for workmanship issues. Also make sure any materials and tools on site are covered for theft. Your general contractor may cover that, but good to figure out who is responsible. It is common for construction sites to be robbed.

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Will Barnard
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Will Barnard
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ModeratorReplied Jan 29 2022, 17:11
Builders risk policy and liability protection are essential.