Quote from @Christine Edwards:
The contractor I choose will be licensed and insured. I have done my due diligence to make sure what I received is valid.
I wanted to know if I could get my own. Just in case. You just never know what could happen.
So I wanted to see if I could protect myself, if for some reason theirs did not pay. But when I try and search for something, all I get back are homeowner insurance quotes and I already know they will not cover damages due to renovations. At least mine doesn't.
Any suggestions?
Thank you in advance,
Christine
Depending on the rehab, you can get a Builders Risk Policy or if there is not a lot of construction going to be happening you can just go ahead and get a standard Hazard Policy. I have used Builders Risk for new construction and remodels, just keep in mind it does not cover as much as a full policy, I know here in Florida it does not cover wind damage, just something to think about. Also, discuss with a knowledgeable Insurance Agent, they should be able to help guide the way.
