House Flip Insurance

Month-to-month insurance for a residential buildings that comprise a dwelling residence.   It may be your intention to sell the property, but as long as it’s capable and intended to be a domestic residence then this cover will work for you.

Get an instant quote and start cover online.

Instant Flip Quote  Policy Benefits

What is a flip house?

A flip is a residential building that you’ve purchased with the intention of selling at some point in the future. They can be:

  • A home you are purchasing to renovate (not major alterations)
  • Staging property filled with temporary furniture for sale
  • Unoccupied new build waiting to be sold


Initio Multi-unit Insurance Policy

Doing Renovation work to spruce up your Flip?

We provide cover for the residential home while you’re doing renovation works, but it’s important to know when we can’t cover your home.

Trade Property condition - applying to this type of policy

The standard policy excess is set at $5,000

If your house is fitted with an active monitored alarm or security system, the standard excess reduces to $1,000 for break-in or burglary.

  1. Online cover, in an instant

    It’s online and it’s easy. Purchase cover with month-to-month payments so you don’t need to fork out a full year’s premium up front.

    When your house is sold, simply login and stop the cover.

  1. The best investors in the business use Initio

    Initio is proud to support members of the New Zealand Property Investors Federation and My Properties.

House flip Insurance Features

Comprehensive House Insurance

Cover up to your chosen Replacement Sum Insured.
All the important including like Fire, Earthquake and Floods


Staged furniture
Cover from $20,000 - $60,000

Major Malicious Damage

Malicious Fire & Explosion covered up to
the full replacement sum insured


Cover for break-in losses.
$5,000 excess, reducing to $1,000 if monitored alarm installed

Owners Legal Liability

$2 million of cover
Includes Bodily Injury and Defence Costs

Natural Disaster

Includes EQC Cover
Plus top up to the replacement sum insured

Retaining Walls

Included up to $25,000

Accidental Damage

What this cover is designed for.
Cover up to your chosen replacement sum insured

Common questions about House flip Insurance

Go to our quote calculator, enter the details of your property and select the property description as a Trade Property

You’ll have a quote in just seconds, which you can insure in a few quick minutes.

You’ll need to choose a replacement sum insured that’s enough to fully demolish and rebuild your house to its existing size (using today’s building costs).

If you’re unsure what the rebuild costs would be, we recommend using the Cordell SumSure Calculator to help get an estimate.

See here for our full guide on choosing your sum insured.

For trade properties you will need to purchase a monthly policy on a debit or credit card.

We then automatically charge the card each month on the renewal date, and send you email confirmations each tome we do this.

Once the property is sold, you can log in to your initio dashboard and cancel the policy. A refund will be paid for the unused portion of the premium and the monthly payments will stop.

For more information on our monthly insurance payment method please see here.

Yes, the general rule of thumb is that there’s cover for cosmetic renovations. This is things like a kitchen refit, carpet replacement, painting, installing new bathrooms.

If you are doing major structural alterations that involve changes to the structural elements of the house you will not have cover. For construction related work a contract works insurance policy is required.

If you are unsure if the work you are doing is structural or cosmetic, please contact us.

The standard excess for Trade Property claims is $5,000.

For burglary, break-in or attempted break-in claims this excess will reduce to $1,000 if at the time of the incident you have a monitored, audible alarm operating at the property.

Yes, you automatically receive $20,000 of contents cover and this can include staged furniture if the property is being advertised for sale.

You can choose to increase this contents cover amount up to a maximum of $60,000.

Simply login to your initio dashboard and select the cancel cover option on the right hand side of the policy.

We will automatically pay you a proportionate refund for the remaining unused days of the policy cover. All future monthly payments are then stopped.

No. If your intent is to demolish the current buildings on the property, then we are unable to provide cover.

From our customers

We have been a client of initio for over a year, now. Initio has saved us money and we like the user friendly website. It is only when something goes wrong, that you find out how good an insurance is: We did have a wilful damage claim and it was settled promptly and efficiently. We can recommend initio to all property investors.