Insurance Needs

[Marc Cleverley]

We are getting quotes for liability coverage as well as builders risk. We indicated to our agent that we would has very few contractors coming in, as most of the work would be done by us. She came back with a $5,000 liability premium and couldn't quote us on the builders policy until we filled out some other documentation. Is this a normal premium? The liability had a $2,000,000 aggregate and $1,000,000 cap for each occurrence. What types of insurance are really necessary for a standard rehab?