Can I get homeowner's insurance for a home that hasn't been built yet?

I'm building a new home. Can I get homeowner's insurance for a home that hasn't been built yet? Do I need it?

Answer
“Yes, you should get insurance during the construction of your home.
Having home insurance is essential as it can protect your home from theft of construction-related materials and supplies.
Most homeowner’s insurance policies allow you to insure a home that will be your primary residence once construction is completed. In some cases, you may need to add a Dwelling Under Construction Endorsement.
If you’re hiring contractors to build your home, it’s also likely that they have Builders Risk insurance. This type of insurance will also provide coverage to your home should any damage occur.
To find out what your options are for home insurance, look into a variety of companies. If you have car insurance, ask about adding a home insurance policy to save money by bundling.
If you want help navigating the different policies, try using Jerry. Jerry is a free app that sorts through the different policies and finds one that fits your needs at the lowest price. They’ll even help you fill out the startup paperwork so you can focus on building your new home.”
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Eric Schad
Answered on Aug 17, 2021
Eric Schad has been a freelance writer for nearly a decade, as well as an SEO specialist and editor for the past five years. Before getting behind the keyboard, he worked in the finance and music industries (the perfect combo). With a wide array of professional and personal experiences, he’s developed a knack for tone and branding across many different verticals. Away from the computer, Schad is a blues guitar shredder, crazed sports fan, and always down for a spontaneous trip anywhere around the globe.
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