Your Contractor should carry both General Liability Insurance to protect your property against damages, and Worker's Compensation insurance to protect you in the event that a worker is badly injured on your jobsite.Before you start construction ask your Contractor to provide a valid, up-to-date Certificate of Insurance that indicates the coverage that they are carrying for their business.

Id bet a dollar to a donut your broker doesnt know the specifics of the law or his e&o coverage.

But we wanted liability coverage. ??.

@Brian Burke mahalo (thanks) for such an comprehensive answeryou are right that it is an intellectual exercise only, but I like to see where the money is flowing and what/how the GP is thinkinggoing to Costco tonight to buy the jumbo 2-pack of xtra wide tin foil :)alohasteve

I'm not a CPA though, so I cant give a comprehensive answer.

But my insurance company is giving me a hard time on that as well and wants the HOA to file a claim.Is this typical coverage you all have for your rental properties?

Are there any insurance companies in particular that you would recommend; that offers the adequate 'umbrella' coverage that you speak of?

Is it usual for a management Co to require that I have  a  specific amount of insurance coverage on my house.

Dwelling (Building coverage)The limit should be based on the Replacement Cost of the building (cost to rebuild withthe same kind and quality excluding the foundation)2.

@Eric Sipe I only consider flood if the property is in a flood zone, named storm/wind (hurricane) coverage though is something to consider.