Builders Insurance/ Property Insurance

[Alexander Chavez]

Making offers on rehab projects in Chicago.  Need to get Builders Insurance/ Property insurance lined up. Anyone have recommendations or advice they can give me on this would be greatly appreciated?

[Michael Pepe]

Builders Risk and property insurance are first party coverages. They cover losses to your property as opposed to a liability policy that covers your liability for damage to someone else's property. Most property policies exclude damage during construction, so you need to fill the gap by either a builders risk endorsement, or getting a separate builders risk policy