On TV, it seems so easy: you buy a house that needs some love, give it a good dose of it for a few weeks or months, then quickly resell it for a (big) profit. And yes, renovation shows make many people want to get into real estate flipping. <\/p>\n\n
But in reality, things aren’t always as rosy as they appear on our screens. If you’re tempted to embark on such an adventure, Assurances Multi-Risques would like to offer you some information about insurance! It could well save you a lot of trouble! <\/p>\n\n
That’s it, you’ve decided to take the plunge: you’re going to flip a property! Your first instinct to insure this second property? Contact the agent or insurance broker who currently insures your home. (Bad) surprise: they tell us that they refuse to cover this new house as it was purchased for the purpose of flipping… <\/p>\n\n
So how do you find an insurer who will agree to insure you? Before sharing a few tips to make this easier for you, we would first like to explain why many insurers refuse to insure houses purchased for flipping: <\/p>\n\n
Plusieurs aspects viennent influencer la d\u00e9cision d\u2019une compagnie d\u2019assurance d\u2019assurer ou non ce type de projet. Entre autres, lorsque vous achetez une maison dans le but de faire un flip, la vacance de l\u2019habitation peut grandement jouer dans la balance. Pour en savoir plus sur l\u2019impact d\u2019une maison vacante sur vos assurances, nous vous invitons \u00e0 lire notre pr\u00e9c\u00e9dent article sur le sujet<\/a>.<\/p>\n\n En outre \u2014 une maison, achet\u00e9e dans le but de faire un flip immobilier, est rarement en bonne condition. La plupart du temps, ces habitations que l’on ach\u00e8te \u00e0 bas prix n\u2019ont pas \u00e9t\u00e9 bien entretenues par le pass\u00e9. \u00c9tant donn\u00e9 l\u2019\u00e9tat du b\u00e2timent, plusieurs assureurs pr\u00e9f\u00e8rent ne pas l\u2019assurer afin de ne pas prendre de risques suppl\u00e9mentaires. D\u2019ailleurs, nous vous invitons \u00e0 lire un article un de nos pr\u00e9c\u00e9dents articles<\/a> qui d\u00e9mystifie la diff\u00e9rence entre r\u00e9novations mineures et majeures pour un assureur habitation.<\/p>\n\n Flipping a property takes time\u2014a lot of time. First, you have to find that rare gem, then you have to renovate it to maximize your profit, and then comes the sale, which\u2014even if we hope otherwise\u2014can take several weeks or even months. <\/p>\n\n And that’s not all: of course, you need to find an insurer. So to save time and be efficient in your search, here are a few tips: <\/p>\n\n So don’t be surprised: insurance coverage will not be the same for your flip house as for your primary residence, given its intended use.<\/p>\n\n In short, a real estate flip is certainly not the easiest type of case to insure. And you may therefore have some concerns… The insurance premium is also likely to be higher, as few insurers are willing to cover a real estate flip (remember: insurance is a matter of risk, supply, and demand). Your best allies will therefore be your independent insurance broker and your honesty in declaring everything to your insurer in order to avoid any problems in the event of a claim. Now, grab your hammers! <\/p>\n","protected":false},"excerpt":{"rendered":"Insuring a real estate flip can be complicated, as many insurers refuse to insure this type of project. We can help you!","protected":false},"featured_media":7958,"template":"","cke_assurances_tax":[],"cke_assurances_types":[],"cke_post_display":[102],"class_list":["post-8903","cke_blogue","type-cke_blogue","status-publish","has-post-thumbnail","hentry","cke_post_display-produit"],"acf":[],"mb":[],"mfb_rest_fields":["title"],"_links":{"self":[{"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/cke_blogue\/8903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/cke_blogue"}],"about":[{"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/types\/cke_blogue"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/media\/7958"}],"wp:attachment":[{"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/media?parent=8903"}],"wp:term":[{"taxonomy":"cke_assurances_tax","embeddable":true,"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/cke_assurances_tax?post=8903"},{"taxonomy":"cke_assurances_types","embeddable":true,"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/cke_assurances_types?post=8903"},{"taxonomy":"cke_post_display","embeddable":true,"href":"https:\/\/multi-risques.com\/en\/wp-json\/wp\/v2\/cke_post_display?post=8903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}A few tips for ensuring a successful real estate flip<\/h3>\n\n
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