Why you need insurance when remodeling or building a new home

Insurance is a good thing when remodeling or building.

At New Avenue, we require that you have homeowners insurance for your current improvements on your property. Improvements are basically your home and anything else built on your property. A typical homeowners policy covers these buildings. Our lawyers tell us of scenarios where something bad happens when a consultant, designer, or contractor is on site. For example, a dog knocks over a homeowner’s grill and burns their garage down. This happens while the surveyor is also there, so the homeowner blames the surveyor. Homeowners insurance covers the damage and protects all the parties involved.

Check with your insurance agent before beginning your project. Making sure your new investment is protected is a small but critical piece of the project.

Schedule a free call to ask your questions and get your project started.