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AC2717 · 06-03-2011, 10:26 AM

Are they requiring you to maintain the insurance policy after it is done or only while it is being built? (this makes a huge difference). If just during building it would be very simple to get and possibly cheaper than $2,000 annually

Your home liability would cover any liability on property you own at the address listed on the policy, unless it is specifically excluded. Now you would have a very hard time naming the state and RR as additional insureds on a homeowners liability policy due to the circumstances at hand.

If you need to maintain the policy after it is built at a $1,000,000/$2,000,000 limits then there is no way to keep that personal except to possibly get a personal umbrella policy over your homeowners liability for $2,000,000. just because they would want that aggregate limit of $2,000,000

Again a couple of factors come into play here

PM me if you would like to discuss further
Thanks

06-03-2011, 10:26 AM	#14
AC2717 Senior Member Join Date: Apr 2007 Location: Maynard, MA & Paugus Bay Posts: 2,616 Thanks: 756 Thanked 369 Times in 277 Posts	Are they requiring you to maintain the insurance policy after it is done or only while it is being built? (this makes a huge difference). If just during building it would be very simple to get and possibly cheaper than $2,000 annually Your home liability would cover any liability on property you own at the address listed on the policy, unless it is specifically excluded. Now you would have a very hard time naming the state and RR as additional insureds on a homeowners liability policy due to the circumstances at hand. If you need to maintain the policy after it is built at a $1,000,000/$2,000,000 limits then there is no way to keep that personal except to possibly get a personal umbrella policy over your homeowners liability for $2,000,000. just because they would want that aggregate limit of $2,000,000 Again a couple of factors come into play here PM me if you would like to discuss further Thanks __________________ Capt. of the "No Worries"