Sign in
Forgot your password?
or Sign up
News

Builders Risk Insurance

Discussion in 'Other Off Topic Forum' started by Scudmsl, Dec 23, 2020.

  1. Scudmsl

    Scudmsl Formula Junior
    Silver Subscribed

    Aug 12, 2014
    573
    USA
    #1 Scudmsl, Dec 23, 2020
    Does anyone have any experience with builders risk insurance that they would be willing to share? We are in the process of adding a new garage/office/bedroom to our vacation home and are having a tough time finding good options with our current homeowners insurance company...in fact they are canceling our policy because of the construction even though it has minimal impact to the existing structure. Looking for some insights or recommendations from the always reliable F-chat community. Thanks!
     
    Texas Forever likes this.

    2. To remove this ad click here.

  2. Texas Forever

    Texas Forever Four Time F1 World Champ
    Rossa Subscribed

    Apr 28, 2003
    47,442
    Texas!
    #2 Texas Forever, Dec 23, 2020
    Think of builders risk as an inventory risk inventory policy. If you are a builder, you can’t buy homeowners insurance, because you are not a homeowner. I’ve never heard of an individual homeowner’s policy canceling due to a remodel. But, then again, this is not my space.


    Sent from my iPhone using FerrariChat.com mobile app
     
    Scudmsl likes this.
  3. MotorMouth

    MotorMouth Formula Junior
    Silver Subscribed

    Jan 6, 2010
    861
    NY
    Full Name:
    Dave
    #3 MotorMouth, Jan 1, 2021
    The appropriate coverage is liability and workers comp on the builders end. Basic homeowners has things to cover random people getting hurt on your property, but not when work/payment is involved (friend slips on ice etc)
     

Share This Page