Think of it as home renovation insurance. These policies are designed to protect your structure as construction changes occur. An insurance agent can advise you if you need to purchase one of these policies to protect your structure and materials while the project is ongoing. If you hire a home renovation contractor, make sure they have the right type of insurance.
In general, a contractor must have liability, property, and workers' compensation insurance. Ask to see your insurance certificate. If your contractor doesn't have adequate insurance, consider hiring someone else. A general liability policy covers basic third-party risks, such as a customer tripping over materials for home improvement.
Combine it with commercial property insurance to save on a business owners policy (BOP). For example, if your house catches fire, homeowners insurance would pay for the reconstruction of the house and the replacement of your things.
