It’s house-building season in the U.S. as the sound of hammers and nail-guns echo in neighborhoods across the nation.
If you’re building your own home, insuring a home under construction is different than insuring an existing home. That’s because the act of erecting a large structure carries hazards uniquely different from those associated with an existing, secure structure you can lock with a house key.
Your construction site poses a risk, particularly to children. It’s a work zone where contractors don hard hats and operate potentially dangerous tools and equipment. And when the workmen go home at the end of the day, they don’t take heavy equipment —and all the risks of a construction site — with them. A construction site has many trip and fall hazards and ample opportunities for other types of injuries, too.
Before you start building, you’ll want to pay a visit to your insurance agent. You have options for insuring your home while it’s being built that are designed to protect you from financial disaster should someone be injured. Once your home is finished, you’ll want to re-evaluate your coverage.
Not building? It’s always a great idea to call us before making an offer on an existing home. Some homes can be expensive or difficult to insure, and it’s always better to find that out before you sign on the dotted line! Questions? We’re here to help!
