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Investment property insurance/vacant home insurance

fix and flip, vacant insuranceYour First Fix and Flip

You just acquired your first Fix and Flip property, and are ready to begin your adventure becoming the next Fixer Upper.  You’ve lined up contractors to do the dirty work you aren’t able to do yourself.  You know the area you will focus on to buy and sell homes. You have a marketing plan to get the house sold as quickly as you finish.  What have you forgotten?

Understanding Insurance Policy Language: Vacant Home Insurance

investment property insuranceIn the world of insurance, there are many different types of insurance policies.  Each of these policies has coverage for that specific policy type such as an automobile, home, and life policies. Insurance is important and sometimes required by law.  People know this requirement, so they purchase a policy.  The question is, do they really know what the policy covers or does not cover?  Probably not.  There are insurance companies who care about their clients and believe that if they are going to spend the money, the policyholder should know what’s included in coverage and if there are any restrictions. Vacant home insurance is one of those that you need to pay attention to.