Building a new home in Dunmore, Pennsylvania may be an exciting venture, but it is also important to obtain an appropriate amount of homeowner’s insurance to protect your property and finances throughout the project. When a house is under construction, it is essential that you obtain liability protection in case an accident occurs.

Liability on a Policy

A homeowner’s policy is designed to protect your property and your finances. A key part of the policy is liability protection, which will prevent high-cost medical bills from draining your savings account.

The way liability works is simple. The insurance will pay for injuries that occur on your property. If a friend or family member is injured during a visit to the construction site, then you are covered against possible damages and expenses.

Protection against Theft and Damages

A standard homeowner’s insurance policy will offer more than just liability protection. It may also help protect against the theft of construction supplies while the building is being constructed and it may offer some protection for any damages that occur during the construction.

Although the policy may protect against the theft of supplies, it will not protect your personal belongings until the house is complete and you are able to lock the doors. The reason is because your personal belongings should not be on the property until after your house is built to avoid the risk of damages and thefts.

It is important to have some form of homeowner’s insurance when you are building a new home. Even if your property is under construction, there is always a risk of liability concerns, the theft of supplies or damage to the building while it is still a work in progress. To learn more about protecting your home, contact us to talk to an independent agent.