Top 3 Benefits of Having Builder’s Risk Insurance During a Home Remodeling

Consider Builder’s Risk Insurance When Remodeling 

Homeowners often believe their existing homeowners insurance policies cover more than they actually do. IF you are remodeling your property, it is wise to consider builder’s risk insurance. This can offer coverage that is more comprehensive and protect homeowners from gaps that they didn’t know existed. Here are a few reasons why you should consider builder’s risk insurance when remodeling.

• It has broad eligibility

Whether you are looking to do a basic remodel (e.g. replacing kitchen tile), a minor structural change (e.g. replacing windows or doors), or even a major structural change (e.g. replacing a load-bearing wall), you can get coverage. Many property policies have exclusions for damage to the existing structure if renovations were in progress at the time of loss, but builder’s risk provides ample coverage for an abundance of homeowners and their situations.

• It provides comprehensive coverage

Homeowners will have the option to include or exclude the existing structure. They also have access to coverage for the theft of building materials, property in transit, damage to trees and shrubs, the expense of removing debris after a covered loss, and much more.

• There are flexible limits and terms

The limits and terms will vary by provider, but homeowners will have access to a variety of different policies that can suit their own unique needs. Many policies can be purchased in terms of six, nine, or 12 months with the option to extend.

Begin your project knowing that you have the right builder’s risk insurance in hand. This policy can help step in to cover you and the project should anything go south. At Artisan Insurance Solutions, we can help you get started on the right builder’s risk insurance policy that you need and deserve. Give us a call on (909) 275-7557 today to get started.