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Updated over 7 years ago on . Most recent reply

Oliver Davis's profile image
Oliver Davis's profile image
Oliver Davis
  • Flipper/Rehabber
  • from Berkeley, CA
  • Member since Sep 29, 2016

User Stats

11
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4
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Oliver Davis's profile image
Oliver Davis's profile image
Oliver Davis
  • Flipper/Rehabber
  • from Berkeley, CA
  • Member since Sep 29, 2016
Oliver Davis
  • Flipper/Rehabber
  • Berkeley, CA
4
Votes |
11
Posts
Rehabbing & House Flipping

Do I need Builders risk Insurance - Fix and Flip

Oliver Davis
  • Flipper/Rehabber
  • Berkeley, CA
Posted

Hi All,

I would like to know if it is necessary or recommended to get a Builders risk insurance as the Developer/Flipper on a Flix and Flip even if my contractor has general liability insurance and workers comp insurance? I am in the San Fransisco Bay area Market. Thank you very much for your feedback! What is the risk of not having one?

Oliver

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Jason D.'s profile image
Jason D.'s profile image
Jason D.
  • Rental Property Investor
  • from St. Petersburg, Fl
  • Member since May 8, 2017

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Jason D.'s profile image
Jason D.'s profile image
Jason D.
  • Rental Property Investor
  • from St. Petersburg, Fl
  • Member since May 8, 2017
Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
4,386
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3,926
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Jason D.
  • Rental Property Investor
  • St. Petersburg, Fl
Replied
@Oliver Davis are you using financing? If so, your lender will require insurance, so they would be the ones to ask. I get builders risk, even if my contractor has insurance.
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