Insurance for flips or renovation

[Joe Steinheiser]

What type of insurance do you use for a flip? I'm may keep it for a rental but I still need to totally renovate it for 2-3 months, so it will be vacant. My regular agent won't insure it for renovations or being vacant for that long.

[Stuart Udis]

You need general liability and builders risk coverage. Also make sure your GC and all subs list you as additional insured on their policies. Most fail to take this last step, or merely obtain insurance certs where they are listed as a certificate holder.