House Flipping Insurance
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.
Get Builders Risk Insurance quotes instantly from A-rated insurance providers with a quick online quote or just give us a call.
What is & Why Do I Need House Flipping Coverage?
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.
House Flipping Insurance Types:
Protect Your Investment at Every Stage
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:
Builder’s Risk Insurance
Covers your property during construction and renovations.
What It Covers:
Fire, theft, vandalism, and weather-related damage.
When to use:
During active construction or significant remodeling.
Dwelling Insurance
Tailored for vacant properties being prepared for sale.
What It Covers:
Fire, storms, and vandalism.
When to use:
For unoccupied homes waiting for buyers.
Vacant Home Insurance
Provides coverage for long-term unoccupied properties.
What It Covers:
Vandalism, weather damage, and water-related issues.
When to use:
For flips that will remain vacant for an extended period.
General Liability Umbrella Policy
Extends liability protection beyond standard policies.
What It Covers:
Injuries to workers or contractors and damage to neighboring properties.
When to use:
To avoid paying out of pocket for large claims during renovations.
With the right combination of house flipping insurance policies, you can manage risks and protect your property from start to finish. Contact us to customize the best coverage for your house-flipping project.
How Much Coverage Do You Need?
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.
Key Considerations
Replacement Cost Value
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.
Project Complexity
Big or risky renovations might need more coverage than small safer projects.
Coverage Types
Basic Form Coverage
Gives protection for specific dangers, like fire, lightning, and windstorms. Works best for smaller projects or minor home upgrades with fewer risks.
Special Form Coverage
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.
How Much Does House Flipping Insurance Costs?
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:
M
Property Value
More expensive properties need more coverage, which leads to higher premiums.
$1,500–$3,000 /yr
A $500,000 property
$800–$1,500 /yr
A $200,000 property
M
Renovation Scope
More expensive properties need more coverage, which leads to higher premiums.
$800–$1,200
Minor cosmetic updates
$2,000–$5,000
Big structural changes (because of higher risks)
M
Location
Properties in areas with high risk of natural disasters such as hurricanes or floods, can see premiums go up by 10–20%. Ex:
$2,000 —> $2,400
A policy in a high-risk area might go up
M
How Long the Policy Lasts
$1,200–$2,000 /6mo
$2,000–$3,500 /yr
Depending on project risk
Expert Tips for House Flipping
House flipping has its risks, but these tips can help protect your investment:
Insurance Reduces Risks
Use Builder's Risk Insurance when you renovate and Vacant Home Insurance for empty properties.
Keep Your Site Safe
Put up cameras, lights, and locks to stop theft and damage.
Choose Insured Contractors
Team up with licensed pros to avoid legal issues and get good work.
Tailor Your Coverage
Change policies when project values or scopes shift.
Get Ready for Surprises
Save money for delays and add Special Form Coverage to handle unexpected events.
Why Choose Us for Installation Floater Insurance?
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!
01
Expert Agents
Licensed professionals with in-depth knowledge of house flipping insurance needs.
02
Fast Coverage
Same-day protection is available for most projects.
03
Top-Rated Providers
Policies backed by A-rated insurance companies.
04
Nationwide Reach
Comprehensive coverage available across the U.S.
05
Best Rates
Affordable prices without compromising on quality.
"*" indicates required fields
Frequently Asked Questions
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.
- Vacant Home: Covers long-term unoccupied properties.
- Dwelling Insurance: Covers short-term vacancies during sale prep.
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.
Get House Flipping Insurance Quotes Today
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%.
