Insurance Needed to Flip a House?

[Chris Laino]

I'm looking to flip a property, and I want to get insurance (to cover the house if there is any major damage, but also in case a contractor or anyone else gets hurt at the property). Do I just get regular home-owners insurance, or is there a special type of insurance I get instead of home-owners insurance? Also, how much should I expect the insurance to come out to? (Details below)

Property is selling for $150k, 50-60k in repairs, ARV of $250k (conservatively).

[Jason Bott]

Originally posted by @Chris Laino:

I'm looking to flip a property, and I want to get insurance (to cover the house if there is any major damage, but also in case a contractor or anyone else gets hurt at the property). Do I just get regular home-owners insurance, or is there a special type of insurance I get instead of home-owners insurance? Also, how much should I expect the insurance to come out to? (Details below)

Property is selling for $150k, 50-60k in repairs, ARV of $250k (conservatively).

 Chris, a Homeowners and/or Landlord policy is not the right fit for flipping.  You will not have appropriate coverage if you use those policies.

There are specific insurance programs for flipping.  I will send you a program most of my clients use.