Wednesday, October 12, 2016

Investors new to flipping should verify insurance

http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=343750

Insurance is so important especially when renovating or flipping.  It is important to make sure you are covered as well as vendors that are working on your home. 

1. Notify the insurance company before the renovation
2. Confirm the general contractor is licensed and bonded
3. Confirm coverage for any subcontracted workers
4. Consider purchasing builder's risk insurance
5. Confirm the contractor has completed operations insurance

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