Do I Need Homeowners Insurance During Construction?
As homeowners embark on construction projects to enhance their properties, questions arise regarding the necessity of homeowners insurance. During the construction phase, the property is in a state of transformation, exposing it to potential risks. While insurance coverage already in place may provide some protection, homeowners should consider obtaining builder’s risk insurance, which specifically addresses the unique hazards associated with construction activities. This specialized insurance offers comprehensive protection for the property, materials, and workers involved during the project’s duration.