Next Step: Protect Your Custom Home Build with the Right Insurance

At Kimball Construction, we’re thrilled to help you build the home of your dreams. But before we dive into construction, it’s essential to make sure you have the right insurance coverage. Proper insurance protects your investment, reduces risks, and helps everything run smoothly. Let’s walk through what you need to know to get started.


Why Insurance Matters for Building a Custom Home

Building a custom home is exciting but also a big responsibility. From the very beginning, having the right insurance gives you peace of mind. It protects you from financial surprises and helps your project stay on track, no matter what challenges arise.

Here’s why insurance is so important:

  1. Protects Your Investment: Safeguards the money you’re spending on materials and labor.
  2. Prevents Delays: Covers unexpected events like weather damage or theft.
  3. Meets Requirements: Many lenders require insurance before they’ll approve a loan for construction.

By addressing insurance early, you’re setting yourself up for success.


Step 1: Check Your Existing Homeowner’s Insurance Policy

The first step is reviewing your current homeowner’s insurance policy. Even if you already have coverage for your current home, it won’t automatically apply to a new custom house under construction.

Here’s what you should ask your insurance provider:

  • Will my current policy cover the new home once it’s finished?
  • Do I need extra coverage during the construction phase?
  • Can you help me understand what’s not included in my existing policy?

This conversation will help you figure out if you need additional coverage.


Step 2: Get Course of Construction Insurance

One of the most important policies for building a new home is course of construction insurance. This policy, often purchased by the homeowner, protects your project from start to finish. It ensures you’re covered in case of accidents, damage, or theft during construction.

What Does Course of Construction Insurance Cover?

Course of construction insurance includes several key protections:

  • Structural Damage: Covers damage to the building caused by fire, storms, or vandalism.
  • Materials and Equipment: Protects materials stored on-site or in transit.
  • Liability Protection: Helps if someone gets injured on the construction site.

You’ll want to work with your insurance provider to customize this policy to fit your project’s needs.


Step 3: Confirm Your Contractor’s Insurance

At Kimball Construction, we believe in transparency and trust. That’s why we carry comprehensive insurance to protect you and our team. Here’s what you can expect from us:

  • General Liability Insurance: Covers any damage caused by our work.
  • Workers’ Compensation: Protects our employees if they’re injured while working on your home.
  • Performance Bond: Guarantees the successful completion of your project.

We’re happy to provide proof of these policies so you can feel confident as we move forward.


Step 4: Check Subcontractors’ Insurance

Building a new custom home often involves subcontractors, like electricians, plumbers, and HVAC specialists. It’s crucial to make sure everyone on-site is insured. This step helps prevent gaps in coverage that could leave you responsible for unexpected costs.

At Kimball Construction, we carefully vet all subcontractors. We ensure they carry the appropriate insurance policies before they step foot on your property.


Step 5: Plan for Completion

As your new home takes shape, you’ll need to transition from course of construction insurance to a standard homeowner’s insurance policy. This is an exciting milestone! To prepare for this step, your insurance provider will likely ask for:

  • The completion date for the project.
  • Details about the home’s features, like square footage or special materials.
  • An appraisal or inspection to determine the home’s value.

We’ll help you gather any information you need to make this process seamless.


Additional Coverage You May Need

Depending on your location, you might need extra insurance to cover specific risks. For example:

  • Flood Insurance: Essential if your home is in a flood-prone area.
  • Earthquake Insurance: A must-have in regions with seismic activity.
  • Temporary Housing Coverage: Protects you if delays require you to stay elsewhere longer than planned.

We’ll work closely with you to identify any additional needs and recommend trusted insurance providers.


Your Partner in Building Your Dream Home

At Kimball Construction, we’re here to guide you every step of the way. From making sure your project is properly insured to delivering a home you’ll love, we’re committed to making the process as smooth as possible.

If you have questions about insurance or need help with any part of the planning process, don’t hesitate to reach out. We’re excited to help you take the next step toward building your dream home!


Ready to Start Your Project?

Click here to schedule your consultation. Let’s talk about your insurance needs and start bringing your vision to life!

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