Building a Home, Things To Look For
March 23, 2010 by Hanna08
I have been in the contracting business for for close to 20 years. In that time I have seen a lot of scary things done by some fly by night builders that has hurt many homeowners. The trouble is that most people that are having a home built for them have no idea what is involved, or what they should take responsability for. I am not saying that it is the homeowners fault for what might happen, I am saying there are precautions that can be taken.
There are a few different types of insurances that you as the homeowner, need to be aware of. Builders risk insurance is an insurance that you need to make sure your builder has in place. Without insurance if something happens to anyone on the site and your builder does not have the proper insurances in place then you will be the one sued to pay for damages.
There is different types of insurance for builders that will protect them and you during the construction of your home. Make sure your homebuilder also has a surety bond in place before paying any upfront deposits.
Another type ofinsurance is builders liability insurance. In many cases this will cover any damages or losses incurred by fire and such, but check with their policy to see exactly what is covered.
Do all of this before you hire a builder of any kind. Also check the licensing department to make sure the contractor is licensed, as well as the trades he or she is using. One other safety precaution is to call the subtrades to make sure they are getting paid during construction. You can be held responsable if they are not paid and the home builder leaves town. These are just a few points to help give you some peace of mind.
Good luck on building your new home.
hey rid, great vid, let me offer a little information to also better inform others. I received that same letter sometime ago, and actually sent them a certified letter back stating that i would conditionally accepted there offer to invite themselves over at the time of there choosing to disrupt my afternoon as soon as they answered a few questions about their authority to do so. I figured it was only fair that since they were seeking information from me that i may seek information from them.
Builders Liability Insurance in Ireland -