Do I need Builders risk Insurance - Fix and Flip

[Oliver Davis]

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

[Jason D.]

@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.