Builders Risk Policy Risk

By
Real Estate Agent with Coldwell Banker F I Gray and Sons Residential, Inc. 261541581

Do not use builder risk policies for flips.

Use a vacant house policy.

If you have a claim under a builders risk policy the first thing the insurer will do will be to pull the permits and request a copy of the expenses incurred on the home.

On a builders risk policy, the repairs must be 50% of the value of the property or more.

If you can't prove the 50%, you will be denied coverage.

I know, I was denied.

Check with your insurance agent for verification.  I bought builders risk policies for 16 years before I had a claim.

Don't learn the hard way.


Randal Jenkins

Coldwell Banker F I Grey and Son Res

727-409-4663

6330 US 19 New Port Richey Fl 34653

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