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  • Insurance

    Insurance! Flipping Property...

    Tribe! I've been flipping property in my personal name and so far have been managing with standard buildings insurance and notifying the insurer that a renovation is taking place and property is unoccupied.

    Under the advice of my accountant,I am now to continue doing this through a trading Ltd Company. Thats all been setup and first property under the new structure acquired. Question is..

    What insurance do I need to cover myself completely?

    Most of the contractors I use don't carry any insurance either which further complicates things, I don't want mountains of cover, but what I do need as a minimum is to insure the building if something were to happen to the structure due to myself, contractors or natural causes, and cover for myself if anything should happen after selling the property.

    I really am new to all of this operating as a company and I'm getting different responses depending on the broker I happen to be speaking to at the time.

    Please help!

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