Can I insure a fix and flip on a landlord or homeowners policy?

Generally no. A homeowners policy is for an owner-occupied residence and does not fit an investment project, and a landlord policy is built for an occupied rental and can suspend coverage once the property sits vacant beyond a set period. A flip is vacant and under renovation, so it needs vacant-property coverage and builders risk written for those conditions, not a standard occupied-building policy.

What is builders risk, and do I need it for a flip?

Builders risk covers a property under construction or renovation, including the structure and the materials and work in progress, against perils like fire, wind, theft, and vandalism. For a fix and flip with meaningful renovation, it is usually essential, because a standard policy does not properly cover construction exposures or materials on site. The scope and term are matched to the project.

What happens if my flip sits vacant?

Vacancy is the core exposure on a flip, and it is exactly where a standard landlord policy can cut coverage, often after sixty days vacant. Empty buildings face higher fire, theft, vandalism, and undetected-water risk. The answer is coverage written for a vacant property, with the protections underwriters expect, so a loss during the empty stretch is actually covered rather than denied under a vacancy clause.

What if I decide to keep the flip as a rental instead of selling?

Then the coverage has to change with the plan. Once the renovation is done and a tenant moves in, the property shifts from a vacant-and-under-construction risk to an occupied rental, which means moving from builders risk and vacant-property coverage to a landlord policy with loss of rents and the right liability. We handle that transition so there is no gap between the rehab and the rental.

Fix and Flip Insurance - Vantage Point Risk

Coverage for the rehab, the vacancy, and the hold.

A fix and flip is the property type a standard policy is least built for. It sits vacant, it is under renovation, and it changes hands fast, the exact conditions a landlord or homeowners policy quietly excludes. The right coverage is built around the rehab and the vacancy, not occupancy.

Ready to insure it? Get a quote. Want to find the gaps first? Compare your coverage.

A fix and flip needs coverage written for a vacant property under renovation, usually a combination of vacant-property coverage and builders risk, not a landlord or homeowners policy. Standard policies assume the building is occupied, so they limit or exclude exactly what a flip involves: an empty building and active construction.

The risk pattern

The exposures on a flip are vacancy, theft and vandalism of materials and the empty structure, fire and water during construction, and liability for workers and visitors on an active site. A landlord policy can suspend coverage once the property is vacant beyond a set period, and a homeowners policy does not fit at all. The renovation itself, materials, work in progress, is what builders risk is for.

What to prioritize

Match the coverage to the phase: vacant-property coverage and builders risk for the rehab, liability for the site, and a clear plan for the short, changing hold. Confirm the policy will not lapse into a vacancy exclusion mid-project, and that materials and work in progress are covered. If the plan changes from flip to hold, the coverage has to change with it.

How we handle it

We set up coverage for the actual phase of the project, vacant and under renovation, with builders risk for the work and liability for the site, structured for a short, flexible hold. We make sure a vacancy clause does not void the policy, and we transition the coverage cleanly if the property becomes a rental instead of a sale.

Coverage for the rehab, the vacancy, and the hold.

The risk pattern

What to prioritize

How we handle it

Fix and flip insurance, answered.

Is your flip covered for the vacancy and the rehab?

Keep going.

Vacancy & renovation insurance

Landlord insurance

Rental Property Checkup

Coverage for the rehab, the vacancy, and the hold.