Some people have their hearts set on finding the right move-in-ready home, moving in right away, and, if necessary, potentially making renovations down the road. Others would much rather purchase a home that’s cheaper and then tackle the renovations so that they can acquire their dream home on a budget. If you fall into the latter camp, you might be wondering how you go about getting home insurance. Is it something that you need? How does it work when your home is in a constant state of being renovated throughout the year? Let’s look at how home insurance works when you have a fixer-upper. Once you have a solid grasp on what you might need, you can start shopping around with our help at Boss Insurance Agency, serving Kingwood, TX.
How Do You Get Home Insurance When You’re Working on a Fixer-Upper?
A standard home insurance policy won’t cut it if you plan on purchasing a home that needs to be heavily renovated. However, you aren’t without options. Your fixer-upper still needs to be covered, and there are specialized policies designed for such projects. The best option is a builder’s risk policy. This policy provides you with coverage once you intend to start renovating your property, covering you if there are any accidents or incidents that damage your property along the way. Another consideration could be a vacant dwelling policy, which can offer coverage while you aren’t living in your abode. However, it does come with a bit less coverage. Weigh your options to see which policy is right for you so that your fixer-upper doesn’t go uninsured.
Insure Your Fixer-Upper With Boss Insurance Agency
If you’re planning on purchasing a fixer-upper in or near Kingwood, TX, and you need home insurance, you can always trust us at Boss Insurance Agency to make it happen. Compare quotes with us today!
