Many people have a dream or a goal in life to build their “dream house” or a home that is perfect for them and their families. Building a home is a great investment, but it’s a good idea to know all there is to know about the fine details and insurance process behind new construction. Thankfully we did the research for you and all you have to do is keep reading!

Florida’s Homeowners Insurance Market

There’s no doubt that you have heard about the crisis in Florida’s property insurance right now. Many people are being dropped from their policies, have seen a dramatic increase in their payments or are even struggling to find a policy in the first place. One good thing about new construction is that it is easier and possible to obtain this type of insurance. Although, there’s more to be said about insurance and new construction.

Florida Builders Risk Insurance

Along with looking into homeowners insurance, there is also Builders Risk Insurance to be considered. This type of policy covers structures during the course of building or renovation. Make sure you evaluate how much your home is worth when purchasing a policy, and also consider that liability coverage is generally not included in this type of policy.

How much am I going to have to pay?

These two policies, homeowners insurance and builders risk insurance may be more affordable than you think. At Singh Insurance and Financial Services we can find you the best policies that fit your needs and budget. There is also a builder’s discount that can be applied to many new constructions. Let’s talk today about the right coverage to cover you and your new home.