Do I need builder's risk insurance for renovation projects?

Yes, it's recommended for significant renovations or additions to protect against potential losses during construction.

Yes, builder's risk insurance can be purchased for renovation or remodeling projects, covering risks associated with these types of work.

HVAC system testing reveals a malfunction, and the builder's risk policy covers repair costs.

Confirm that subcontractors' work is included in the policy and clarify responsibilities to avoid disputes during claims.