Flipping houses can be a rewarding and profitable endeavor, but it’s not without potential dangers like property damage, theft, and liability. House Flipping Insurance gives you specialized coverage for these dangers, protecting you against the unique risks of buying, renovating, and selling properties.
House Flipping Insurance are different types of insurance policies that cover real estate investors during the short term ownership of a property intended for renovation and resale. Standard homeowners insurance doesn’t cover the risks of properties under renovation or being prepared for sale.
Flipping a house exposes you to risks that regular homeowners don’t. Renovations increase the chances of accidents, theft, or machinery mishaps.
Without adequate coverage, a single accident or incident can turn a profitable flip into a financial disaster. House Flipping Insurance protects your investment from these unexpected events so you’re not left to pay out of pocket.
Flipping houses comes with unique risks, from renovations to vacant properties. Choosing the right house flipping insurance coverage ensures your investment stays protected. Here’s a breakdown of the key policies:
The right amount of house flipping insurance coverage varies depending on the details of your project. Things like the size of the property, the kind of renovations you’re doing, and how long the house will sit empty all affect how much coverage you need.
Make sure your policy covers what it would cost to rebuild or fix the property now. This protects your money if something happens in today’s market.
Big or risky renovations might need more coverage than small safer projects.
Gives protection for specific dangers, like fire, lightning, and windstorms. Works best for smaller projects or minor home upgrades with fewer risks.
Gives broader protection by covering all dangers except those the policy leaves out. Fits well for bigger or more complex flip projects where unexpected events are more likely to happen.
The price of house flipping insurance hinges on many elements such as the value of the property, the extent of renovations where it’s located, and how long the policy lasts. Let’s break this down:
More expensive properties need more coverage, which leads to higher premiums.
More expensive properties need more coverage, which leads to higher premiums.
Properties in areas with high risk of natural disasters such as hurricanes or floods, can see premiums go up by 10–20%.
Depending on project risk
The price of house flipping insurance hinges on many elements such as the value of the property, the extent of renovations where it’s located, and how long the policy lasts. Let’s break this down:
A $500,000 property
A $200,000 property
Minor cosmetic updates
Big structural changes
A policy in a high-risk area might go up
Depending on project risk
Depending on project risk
House flipping has its risks, but these tips can help protect your investment:
Use Builder’s Risk Insurance when you renovate and Vacant Home Insurance for empty properties.
Put up cameras, lights, and locks to stop theft and damage.
Team up with licensed pros to avoid legal issues and get good work.
Change policies when project values or scopes shift.
Save money for delays and add Special Form Coverage to handle unexpected events.
Get your house flipping insurance quote today to ensure your project’s security. Our team will guide you through the process and help you find the best coverage at the lowest price. Contact us now!
Licensed professionals with in-depth knowledge of house flipping insurance needs.
Same-day protection is available for most projects.
Policies backed by A-rated insurance companies.
Comprehensive coverage available across the U.S.
Affordable prices without compromising on quality.
"*" indicates required fields
It protects properties during renovations and vacancies from risks like theft, fire, and vandalism.
Yes, it covers materials, structures, and on-site work during renovations, protecting against theft, fire, and weather damage.
Premiums range from $800–$5,000 depending on property value, renovation scope, and location.
Yes, combining Builder’s Risk and General Liability Insurance provides full coverage and cost savings.
Protect your investment with a tailored house-flipping insurance policy. Our experienced agents specialize in securing the best coverage for renovation and flipping projects while helping you save with additional discounts of 10% to 15%.
