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In San Diego, the buying and selling of houses is a business in itself. Savvy investors will buy homes and then flip them: sell them at a higher price. This is achieved either by buying the property when the market is low, or buying a distressed home and renovating it to increase its resale value. If you are interested in flipping houses then talk to KM Insurance Services about a San Diego House Flipper Insurance Quote. House flipper insurance is convenient and will save you money; but you need to know how to get one because it’s not available from all providers.
What is House Flipper Insurance?
When you buy a distressed or less than perfect house, you will need to renovate it before you can sell it for a profit. During this time, it is advisable to have insurance so you will be protected in case of accidents within the property.Traditionally, you would start by buying a Vacant Home Insurance Policy. Once you start repairs, you need to switch to a Builder’s Risk Insurance Policy. When the property is ready to rent, you will switch again to a Landlord Insurance Policy. Each of these insurance policies requires that you pay for 6 to 12 months of coverage. House Flipper Insurance is a new type of policy which allows you to purchase on a month to month basis. The one policy is all you need: you don’t need to buy into different types of insurance policy to cover the different stages of your project.
So, what’s the catch? No catch. The only issue is that most insurance brokers are not aware of the Home Flipper Insurance programs and some insurance providers don’t even offer it. You need to know where to find someone who can get you San Diego House Flipper Insurance Quote. That’s where KM Insurance Services can help.
Get a San Diego House Flipper Insurance Quote
KM Insurance Services has been in business since 1978 and we have watched the insurance industry change to align with today’s needs. We work with 20+ insurance providers so we have the full range of policies available on the market. If you want to flip houses, call us for a San Diego House Flipper Insurance Quote. Contact us by Email or by telephone at: (619) 667-2880.