What is a flip house?
Flips are generally properties you’ve purchased with the intention of selling in the foreseeable future. The most common include
- Run-down or old house being renovated for re-value
- Staging property filled with temporary furniture for sale
- Unoccupied new build waiting to be sold
Why are they hard to cover?
Flips can be riskier as they are often left unoccupied, require improvement works and are short-term in nature. This can make it difficult to get short-term insurance for flip houses.
Initio is the only insurer to provide a custom short-term online insurance solution for property investors.