[monty]

do you have to have insurance on a house your going to flip

[Real Estate Joe]

If you pay cash for the home, then no. If there is any type of financing on the property including "hard money", then yes. Words cannot convey how important the insurance on a property is even if you pay cash. Especially when you are having a bunch of contractors and repairmen working on your home.

[rukitamo]

Hai,

I am Rukitamo.

A Home Insurance policy is very important in protecting you from natural and man- made disasters like earthquake,fire,theft,flood,hurricane etc. A home insurance will cover the whole structure and contents of your house.Your home is a place where your peace lies.It is a most valuable possession for you and your family.You will have built happy memories of your happy occasions in your heart of hearts about your loved ones,material aspects,building structure and your precious belongings.



However, a single natural or man-made calamity can ruin your security of your home and totally spoil your peace of mind. Although,it is impossible to cover the the love and sweet memories,it is possible to ensure the safety of precious belongings by getting a home insurance.

Most of the insurers say that there has been a phenomenal increase in people taking advantage of home insurance this year. People usually do not pay much importance to home insurance as they pay importance for life insurance and health insurance.Most of the people do not know that the premium is lower for the value insured.

I have insurance for my Home.