Do You Need to Insure Your Custom Home During the Building Process?If you currently own a home, you are likely well aware of the many benefits that homeowner’s insurance can provide. But, if you’re in the process of building a new custom home, when do you need to purchase this type of coverage?

The short answers is, right away.

While you may have a long list of other items to consider when you’re in the midst of your new home’s construction, prior to even starting the job, it is essential that get insurance coverage. Many people will assume that the builder’s insurance will also provide the coverage that you need. Unfortunately, this is not necessarily the case.

For example, home builders will typically have a “builder’s risk” insurance plan. This is a type of policy that will cover the builder in the case of damage and / or vandalism to the property during the building process.

But as the home owner, it is important that you also have your own insurance coverage in order to cover the land, as well as any items of personal property that you might have on the construction site.

When purchasing an insurance policy on a home that is being built, it is recommended that you search for the policy before the actual building process begins. This is because in some instances, there could be a reason why an insurance carrier won’t cover a particular property. Should this be the case, you will have more time to shop for a policy that best suits your specific needs.

Are you considering building a custom home in Orlando or the Central Florida area? If, so, give us a call. We can provide you with all of the details that you need prior to getting started, so that you’re ready with protection – and peace of mind- going forward.