Fix & Flip House Insurance Covering Private Lender Canada

Fix & Flip House Insurance Covering Private Lender Canada

Member since 2020 · 1 post · 0 votes

I have recently set up with a private lender, and had problems with my existing insurance company. They would not offer coverage for the mortgage with private lender? Can anyone recommend an insurance broker/company specializing in insurance products for Fix & Flips or a work around?

I was able to get coverage (with difficulty) but I am looking to scale my business and want to streamline the process.

Note, this is within Canada.

Any feed back is appreciated. Thanks!

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  • Member since 2021 · 9 posts · 2 votes
    4y

    I’m not sure about if they cover Canada, but NREIG is a popular option - I know for a fact they’ll work with a private lender. They have a month-to-month offering so you can be covered during the term you hold the investment. Hope that helps

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