Utah's property flippers and vacant home investors prefer Anderson Insurance Group for their Utah Vacant Home Coverage for many reasons. The coverage and flexibility is better than other coverage on the market enabling you to put more money back into your investment and to give better protection during the flipping process, here are a few examples:
In consideration of additional premium paid, coverage is provided as follows:
PERILS INSURED AGAINST WITH LIMITATIONS, Coverage A and Coverage B, Peril 8 (Vandalism or Malicious Mischief) is added for any structure. Coverage A and Coverage B, Peril 8, limitations a. and b. are deleted.
PERILS INSURED AGAINST WITH LIMITATIONS, Coverage C, Peril 8 (Vandalism or Malicious Mischief) and Peril 9 (theft) are added for any Personal Property (as described and limited under Coverage C) insured under this policy. Coverage C, Peril 8, limitations a. and c. are deleted. Peril 9, limitation c. is deleted.
The limit of liability for each "loss" under Peril 8 under this endorsement is the least of:
This limit applies to all "loss" to Coverage A – Dwelling, Coverage B – Other Scheduled Structures and Coverage C – Personal Property combined.
The limit of liability for each "loss" under peril 9 under this endorsement is the least of:
The limit of liability for any one "loss" under a combination of Perils 8 and 9 under this endorsement will not exceed $10,000.
For Example, I had an investor who in the process of flipping a home had a thief enter the home and remove all the copper tubing. This type of loss normally not covered under most vacant home policies was covered by his policy.
You will want to refer to your vacant home policy for all the details regarding your coverage but here are a few other things to be aware of: