Homeowners and flippers often believe their existing home insurance policy covers all exposures. Yet, remodeling builders risk insurance can offer coverage that is more comprehensive and protect you from gaps you may not known existed. Here are just five benefits to insuring that your home remodeling project is with a builders risk insurance policy when undergoing renovations:
Builders risk insurance coverage not only offers a variety of benefits to you, it also provides you with peace of mind. If you are reading this there’s a good chance you are planning to renovate. In fact, according to CNBC, nearly two-thirds of consumers are planning to remodel their homes. Through builders risk, you have the opportunity to protect what matters most to you your home.
Whether you are currently planning to remodel now, or in the future, the question is will my homeowners insurance protect me during construction renovation should a claim arise? Learn the answer to this question as well as what coverages you may not even realize you need when you download Is Homeowners Insurance Enough? A Builders Risk Coverage Comparison.
This is intended as a general description of certain types of insurance and services available. Your policy is the contract that specifically and fully describes your coverage. The description of the policy provisions gives a broad overview of coverages and does not revise or amend the policy.
SPI Reflections Blog
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