What Is Fix and Flip Insurance and Why Do You Need It?

Buying a property to rehab and resell can be profitable—but it’s also risky. Fires, water damage, theft, and construction accidents can quickly turn a profitable flip into a financial disaster. That’s why fix and flip insurance is essential for investors.

At Wexford Insurance, we help property owners nationwide find the right insurance coverage for their rehab projects, protecting both the property and your investment.

What Is Fix and Flip Insurance?

Fix and flip insurance is a specialized property insurance policy for homes or commercial properties purchased with the intent to rehab and sell. Unlike standard homeowners or landlord policies, it’s designed to protect properties that are under renovation, vacant, or undergoing major improvements.

Typical coverage includes:

• Property coverage: Protects the structure during renovations

• Materials and equipment: Coverage for supplies onsite or in transit

• Liability protection: Covers accidents or injuries that occur on the property

• Optional endorsements: Flood, earthquake, or soft costs coverage

Why Property Owners Need Fix and Flip Insurance

Even if you already own a property or have a standard homeowners policy, that insurance may not cover a property under construction or renovation. Investors often face coverage gaps, including:

• Damage during renovations (water leaks, fire, or storms)

• Theft of construction materials or tools

• Liability for accidents on a vacant or partially renovated property

• Losses due to delays in project completion

Fix and flip insurance ensures you’re protected from day one, reducing financial risk and giving lenders confidence.

Who Needs Fix and Flip Insurance?

This coverage is essential for:

• Investors purchasing single-family or multifamily properties to rehab and sell

• Real estate flippers using hard money or private financing

• Property owners holding vacant homes during renovation

• Contractors or investors storing expensive materials onsite

It’s especially important for properties that are vacant, partially completed, or undergoing major renovations.

How Wexford Insurance Helps

At Wexford Insurance, we specialize in fix and flip insurance across the nation. We help investors:

• Evaluate your property and project risks

• Determine appropriate coverage limits

• Add endorsements for flood, soft costs, or extended protection

• Obtain quotes quickly so you can close on your rehab property

👉 Request a fix and flip insurance quote from Wexford Insurance today to protect your investment from day one.

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Frequently Asked Questions

1. How Much Does Fix and Flip Insurance Cost?

2. Do I need Fix and Flip Insurance before closing on a property?

3. Fix and Flip Insurance vs. Builder’s Risk: What’s the Difference