What's the best approach to insuring a property undergoing a 'BRRR' (Buy, Refurbish, Refinance, Rent) strategy? Do I need different policies for the refurbishment phase vs. when it's tenanted?
Quick Answer
Insuring a BRRR property means having specific policies for each phase. An unoccupied property or renovation policy is vital during refurbishment, then transitioning to dedicated landlord insurance once a tenant moves in, acknowledging the distinct risks.
About This Topic
BRRR property insurance requires distinct policies: specialist unoccupied/renovation cover during refurbishment, then landlord insurance for tenanted periods. Protect your asset.
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