Renee Darata » Contractors http://www.reneedarata.com One Agent - All Your Insurance Needs Tue, 31 Jan 2012 10:59:16 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 My Bank told Me to Buy a Builders Risk Policy http://www.reneedarata.com/2010/01/my-bank-told-me-to-buy-a-builders-risk-policy/ http://www.reneedarata.com/2010/01/my-bank-told-me-to-buy-a-builders-risk-policy/#comments Fri, 29 Jan 2010 23:09:09 +0000 Renee Darata http://www.reneedarata.com/?p=145 Continue reading →]]> I know you’re thinking, what is builders risk?

When you do a major home renovation or hire a contractor to build a home, you need a builders risk or course of construction policy to insure your home.

The standard homeowners policy doesn’t cover the enhanced risk of renovation. Don’t take a chance on losing everything, buy the proper insurance coverage.

I have heard horror stories from people who thought their contractors were insuring the home construction. The contractor just had a Business General Liability Policy covering General Liability or Products and Completed Operations liability. This isn’t the same as insuring the home. If you took out a construction loan, take charge, and purchase the insurance yourself.

I can help you with this important coverage.

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