Is your home being renovated? Are you having a home built for you? Will you be starting a big-budget home project? If you answered yes to any of those questions, contrary to what you may think, you will need to take out a builder’s risk insurance policy. If the contractor accidentally damages the premises or the fixtures or materials are damaged, you will be covered. This coverage will pay for the cost of materials, fixtures, or any equipment that might have been damaged.
Now the term “builder” is a bit misleading. This coverage is not just for the contractor(s) doing the work. You as the owner, are also eligible for this type of coverage. This policy protects you if your building project goes wrong. If the contractor accidentally damages the premises or the fixtures or materials are damaged, you will be covered. This coverage will pay for the cost of materials, fixtures, or any equipment that might have been damaged. As a homeowner, you will want to be protected against any of these unexpected costs.
Quest Insurance has plenty of industry experience to help you properly place your builder’s risk insurance policy. We will help you evaluate all of your risks and find the right coverage for you. Before jumping into a renovation project, let Quest Insurance set you up with a quality builder’s risk insurance policy!
