Building a home is rewarding yet demanding. Home Construction Insurance is the protection you need during the construction process. It covers homes under construction or renovation as well as the risks associated with the building process. Home Construction Insurance is written on an All Risk basis and covers a broad scope of perils. It can also cover tools, equipment and materials used at the site.
What Can Home Construction Insurance Coverage include?
- Construction Equipment
- Building structures
- Tools
- Building materials
- Workmen
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Your coverage period extends from the start of construction or renovation, until practical completion. It offers you protection against instances such as having to pay twice for materials, damaged tools, or for any equipment lost or damaged by covered events.
It can significantly assist you in fast recovery from loss or damage. Home Construction Insurance also indemnifies you against liabilities to third parties during the period of construction.
Get the peace of mind you need as you build or renovate your home with Home Construction Insurance. Speak with an Insurance Specialist or Sales Specialist to find out more, or call 1 866 743-2257.
*These benefits are exclusive to CIBC clients.
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