With all of the recent big storms, Nor’easters and hurricanes, many homeowners are planning to renovate within the next few years. If you’re among them, it’s important to take a look at your current homeowners insurance as well as the insurance of your contractor.
You may hire a general contractor to manage the renovation process while others prefer to manage the project themselves. Some homeowners are willing to be do-it-yourselfers and actually do some tasks while hiring licensed subcontractors for plumbing and electrical work.
However you choose to remodel, keep this in mind: The homeowner, the general contractor and the subcontractors (plumbers and electricians, for example) all need insurance coverage.