Thomas Sweeney
Used Fred for my executor bond, he worked with me over the phone as I was out of town to fill out the paperwork. The prices were much cheaper than anywhere else I found.
Thomas Sweeney
2022-12-27
bryan acheson
Fred and team at Harrison Insurance are awesome. I requested a review of my insurance coverage for my business and found that I was grossly under covered. Fred explained where I was needing additional coverage and why it was important. Needless to say, I'm now a client. Fred truly cares for his clients. I think my premiums basically stayed the same, for additional coverage I might add, but I would have been willing to pay more just for the service and knowing I was being taken care of. I highly recommend Fred for your business.
bryan acheson
2022-03-04
Kayla Furrow
Harrison Insurance is a great company to work with! I worked with Fred and the personal touch he adds makes you feel like you’re truly being taken care of, like you’re a part of the family. Fred never settles for the bare minimum, and if he sees something lacking in your insurance policy, he will tell you what he can do to fix it and what kind of options you have to make sure you’re covered in every area possible. Harrison Insurance is a small town agency, but their impact is huge. If you’ve got any kind of insurance, it is always worth giving Harrison a call and seeing where you can improve your coverage while lowering your rates. You definitely won’t regret touching base with them!
Kayla Furrow
2022-01-11
Wes Tatum
Highly recommend this company. Fred Zehrer was my agent and he provided top notch service. The process was simple and Fred saved me over $600 a year on my business vehicle insurance. I can't say enough good things about Fred and Harrison Insurance. If you want peace of mind and fair prices, this is where you need to be.
Wes Tatum
2016-09-07

Do you need Builders Risk Insurance for Renovations?

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Do you need Builders Risk Insurance for Renovations?

If you’re planning on renovating your home or business, you may be wondering if you need builders risk insurance. This type of insurance is designed to protect your property during construction or renovation projects. In this article, we’ll discuss what builders’ risk insurance is, why it’s important, and whether or not you need it for your renovations.

What is Builders Risk Insurance?

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worker pointing at work

Builders risk insurance, also known as course of construction insurance, is a type of property insurance that covers damage or loss to a building or structure while it is under construction or renovation. This can include damage from fire, theft, vandalism, and natural disasters. It typically covers the structure itself, as well as materials and equipment on the construction site.

Why is it Important?

Renovations and construction projects can be expensive and time-consuming. Builders risk insurance provides protection for your investment in case of unexpected events or accidents. Without this insurance, you could be left with significant financial losses if something were to happen during the construction process. It also provides peace of mind for both the property owner and the contractor, as any potential damages or losses are covered.

Do You Need Builders Risk Insurance for Renovations?

The answer to this question depends on a few factors. First, you should check with your contractor to see if they have their own builders risk insurance policy. If they do, you may not need to purchase your own. However, it’s important to make sure that their policy covers all aspects of your renovation project.

If your contractor does not have builders risk insurance, or if their policy does not cover your project, then it’s highly recommended that you purchase your own policy. This will help to ensure that your property is protected during the renovation process. Additionally, if you are taking out a loan for the renovation, your lender may require you to have builders risk insurance as part of the loan agreement.

Conclusion

In conclusion, builders risk insurance is an important type of coverage to consider when planning a renovation or construction project. It provides protection for your investment and peace of mind during the construction process. While it may not be required in all cases, it’s always better to err on the side of caution and ensure that your property is adequately covered. If you’re in need of builders risk insurance in Virginia, be sure to contact us to get started.

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