From the Forum: What Kind of Insurance Should I Get Before a Gut Renovation?
A Brownstoner reader is closing on an old house in Clinton Hill that will require a gut renovation. They’re getting a construction loan, but the lender requires that either the contractor obtain builder’s risk insurance or the owners get homeowner’s insurance with a construction endorsement.
Photo by Edrei Rodriguez
A Brownstoner reader is closing on an old house in Clinton Hill that will require a gut renovation. They’re getting a construction loan, but the lender requires that either the contractor obtain builder’s risk insurance or the owners get homeowner’s insurance with a construction endorsement.
Which is the better way to go here? What are the differences between the two options? Share your thoughts below.
[forumTopic id=”general-discussion:builders-risk-insurance-vs”]
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