If you’ve decided to build a house instead of buying one, you’re likely planning to get homeowners’ insurance. But why wait until the house is built? You own the property and are responsible for it. Moreover, there are a lot of expensive tools, materials, and machinery around during the construction. Construction can be a dangerous job, and accidents happen. What you need is builders’ & vacant risk insurance.
Understanding Builders & Vacant Risk Insurance
If you’re working with a general contractor, they likely have insurance for their equipment, time, and materials, plus workers’ compensation for any employees who might get injured on the job. (It’s advisable to work only with insured contractors.) Builders and vacant risk insurance covers everything that is your property. It also covers the cause of loss and available policy extensions. If an underground sewage pipe gets damaged during construction, you’re covered. You’re covered if your half-built home is damaged by theft, vandalism, bad weather, or an unexpected event. You may want to look into some extensions. A policy that would cover all plants and sod will almost certainly be readily available. Once construction is finished, you’ll want to remove some debris. Any pollutants must be cleaned up by law. Ask your insurer about extensions that will pay for cleanup and removal costs.
Get Insurance from McCormick Insurance in Pembroke Pines, FL
If you need builders’ and vacant risk insurance and are in the Pembroke Pines, FL, area, please contact McCormick Insurance Inc. We’ll discuss all available extensions and get you the policy that best suits your needs.