Insurance - Flippers - Posted by Chris

Posted by JT-IN on January 28, 2002 at 12:27:41:


I have a master commercial policy, that adds/deletes property by endorsement, each time I buy and sell.

I own property in two states, and have a separate policy for each state, with the same ins. company, but numerous props insured in each policy. It is a phone call, and answers to questions about brick or frame, condition, sq ft, outbuildings, and value. Bingo, the house is insured. Another phone call deletes it.

You will find, if you haven’t already discovered this, that having a good insurance agent/agency, with lots of commercial experience is invaluable… I only hope my insurance agent doesn’t read this, because he already thinks that he is way too valuable… LOL

Just the way that I view things…


Insurance - Flippers - Posted by Chris

Posted by Chris on January 28, 2002 at 12:12:12:

How do you handle getting insurance for homes that you plan on rehabbing and flipping within 60 days?

Do you get a new policy on each house?