Insurance for a house that is being built is called Builder's Risk Insurance. Coverage gradually increases as the home is being built.
What does it protect?
The structure being built, materials, fixtures, equipment being used to build the building
Why do I need this?
The same reason you want insurance on your home and car. You want to reduce your risk.
Why can't I just get a homeowner policy?
Homeowner policies do not cover building projects; they cover fully built homes.
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