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Question for the Money Doctors

Question submitted on Jun 30, 2013.

Question

need a list of insurance companys that cover my home while in the remodeling stage please

Answer

I would suggest that you call your current home insurance company and let them know what is going on. Since they already insure your home, it would be important to ask what you need to be aware of and note policy limit changes or additional riders that may be necessary. Make sure that you have paid for Code Upgrade in your policy. This is also a good time to evaluate the merits of an Umbrella Liability policy.

Another good follow up item is to make sure that you pay your General Contractor on a percentage of work completed basis and double check complaints against him or his subs at the State website based on where you live.


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