If you are flipping, you need to know the difference between these two:
Vacant Property Policy: Perfect if the house is just sitting empty while you wait for permits or list it on the market with only minor cosmetic updates.
Builder’s Risk (Course of Construction): Absolute must-have if you're pulling permits, knocking down walls, replacing major systems, or doing structural additions. It protects the existing structure plus your building materials on-site.
2
0 comments
If you are flipping, you need to know the difference between these two: