Building a new home is super exciting and with that excitement, sometimes consumers may forget that there is specific insurance that goes along with building or renovating your home. Builder's Risk insurance is vital to any ground-up construction or renovation project you may have. From liability coverage to building and material coverage, Builder's Risk insurance ensures you are adequately covered until the home can be insured under a standard Home Insurance policy. However, we have seen many projects go up in smoke in the last year, and what this will do to the industry as a whole only time will tell as more and more projects are being claimed against by massive losses.
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