Personal Builders Risk Insurance
When purchasing a home that is under construction, you’re also purchasing a great deal of responsibility. A partially-built home is very vulnerable to wind, vandalism, severe weather, and fires. Whether you’ve hired a contractor to build the house on your land, you’re building the house on your own, or you’re providing material to your hired contractor for building the home, you should look into insuring your home while it’s under construction.
One popular way to insure your new home during construction by purchasing a standard homeowners insurance policy. This will cover you for liability, as well as any damage to the building as it’s being built, and may also provide some coverage for theft of building supplies. However, the policy will not cover your personal property until the building is secure. Once construction reaches this point, you can add on homeowners insurance coverage for your property. Once the construction is complete, you can re-evaluate your coverage.
Call us today to begin protecting your home at its earliest stage.