Having work done in your home can be very stressful, which is why you should always make sure you are using a fully insured contractor.
1. If an insured contractor does work on your property and a loss occurs due to their negligence, their liability insurance will cover it. If the contractor is uninsured, your insurance will respond.
2. If an insured contractor is injured on your property, his workers’ compensation insurance is responsible rather than your insurance.
3. If the contractor damages your property while on the job, his insurance will cover it rather than having to put a claim in under your own insurance.
4. Putting a claim in against your insurance policy can cause a penalty at renewal depending on the extent of the loss. This will cost you more out of pocket. Using an insured contractor can easily reduce this risk.
This blog is shared from our sister blog, insureourcondo.com. Brownstone Insurance manages that blog to help condo owners and association members find answers to their condo insurance questions.