Insurance Check

Don’t neglect to ask about insurance coverage.  Check with your agent or insurer about coverage from damage, injury and theft. 

Insurance Check

Ask to see the renovator’s insurance certificate.  Check expiration dates to be sure you are covered throughout the duration of the project.  As a minimum they should have $1 million in general liability coverage.  This usually covers any damage to your home or neighbors’ or any bodily injury to a third party (like a postal service employee).  They should carry workers’ compensation coverage. 

You can also take a copy of the insurance certificate to your own insurance agent and have them review it.  Your agent can study it in conjunction with your own policy to be sure everything is covered. 

Generally a homeowner policy will cover repairs and renovations, but especially if this turns out to be a large project, it could be classified as “extraordinary”.  In that case you might need a rider to cover any potential issues.  Clarify all of this with your agent.