Insurance Coverage During Construction

A review of insurance coverage by the various parties in a construction project is critical. Depending upon the specific conditions of a project, insurance policies may or may not provide protection for loss and liability. Who's policy covers damage to stored material? Who pays for damage to the existing part of the house that is damaged during a remodel? Who's policy covers injury to uninvited visitors to the construction site? What will it cost to maintain coverage on the house if you must move out of the building during remodeling?

These and other types of insurance and liability questions need to be reviewed by insurance and legal advisors prior to the start of construction and the signing of the construction contract.