The Real Estate Encyclopedia
Do I Have to Buy Insurance While the Home is Under Construction?
Category - Home Ownership Questions - Building Your Home FAQ's
Yes. You should purchase insurance while the home is under construction. You must protect your investment from fires or other natural disasters, which could destroy the home while under construction. If you have no insurance and your home is destroyed, you will still be responsible to pay off your construction loan.

Talk to your lender or insurance provider for professional advise on how best to insure your home while it is built.
 
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Home Ownership Questions - Building Your Home FAQ's
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