Course of Construction Insurance
Course of Construction Insurance pretty much speaks for itself. It covers damages or loss during the course of construction for anyone embarking on a new project of building a home or a structure of any kind.
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Course of Construction Insurance
Course of Construction Insurance pretty much speaks for itself. It covers damages or loss during the course of construction for anyone embarking on a new project of building a home or a structure of any kind.
Starting from $30/month.
Course of Construction Insurance covers you during the course of construction as you build. It protects the structure itself, any construction materials you use and liability in case of damage of physical loss due to an insured event like theft, vandalism or fire.
What’s Not Covered
Course of Construction Insurance only applies during the course of construction – not after a project is completed. Unfortunately, it also doesn’t cover things like faulty design or mechanical breakdowns, or water damage.
Who Needs It
Anyone taking on a construction project needs Course of Construction Insurance. It will protect construction companies, real estate developers, homeowners, renovators and business owners.
Damage to any structure during the course of construction can be ghastly. You never know when a seemingly minor incident can lead to catastrophic loss. It is not worth the risk if something goes wrong.
What Influences Costs
Course of Construction Insurance costs due vary, depending on the project you are taking on and the services you offer. Other factors that influence cost include the value of a building (if you are renovating), what your ambitions are and the type of project, and any previous claims you may have made. Always speak to a broker as there could be more depending on your situation.
You can factor in other items as well in designing your policy. Meeting your expenses can make the difference in whether a project runs smoothly or not, and this insurance can help. Speak to an advisor as you design.
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