Why You Need Builders and Vacant Risk Insurance

Home insurance is one of the most common forms of insurance for people in the Pembroke Pines, FL area. While this type of insurance is fine for someone that is looking to buy a home and move right in, those that are getting one that will need some work and will be vacant for a while should also consider builders and vacant risk insurance. This insurance will cover you in several different ways.

Covers Home During Vacancy

If you buy a home and do not plan on moving in for some time, whether it is because the property is being renovated or moving will take a while, you should consider getting builders and vacant risk insurance. This type of insurance will insure you further during the period of time in which your home is vacant. It may be a requirement based on how long it will be vacant depending on your home insurance policy.

Covers Property Under Construction

Homes that are being built ground up or are being heavily renovated come with a unique set of risks. Due to this, you need the right insurance to protect against these risks. Builders and vacant risk will provide coverage for your home during the construction or renovation process. 

There are clearly many reasons why having builders and vacant risk insurance is a good idea for someone in the Pembroke Pines, FL area. If you need this type of insurance, working with a professional such as the team at McCormick Insurance Inc. will help get you into a great policy. The team at McCormick Insurance Inc. can help you by assessing your situation to determine if builders and vacant risk insurance are right for you. If it is, they can help you get into a policy that provides these unique protections.