Fix & Flip Insurance

[Ryan Butler]

I'm in the process of closing on my first fix & flip house and trying to figure out what insurance I need / should get. It is a single family home in Massachusetts and I will be doing mostly light rehabbing / cosmetic work but I will be taking down a wall and gutting both bathrooms and the kitchen.

After doing some research on homeowner's insurance I realized I will likely need to get renovation builder's insurance but am wondering if I need both or if the builder's insurance covers me for homeowners. Also is there anything specific I should be looking for in this type of policy?

If anyone has experience and advice with this or has a recommendation on what company to use I'd love to know.

[Rod Hanks]

If it's a light rehab we usually put our clients with Obie or Steadily depending on the State and area. If more extensive rehab we write a builders risk policy. So it really depends on your situation. Let me know if I can help.