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Coverage Explained
Line-by-line walkthroughs of the forms a renovation runs on, and the exclusions that decide which policy answers a loss.
22 guides in Coverage Explained. All guides
- Coverage Explained Can a Buyer Sue You After You Flip a House? What Insurance Covers A buyer’s right to sue is a question for an attorney. On the insurance side, property cover ends at closing and liability paper answers later claims.
- Coverage Explained Do Hard Money Lenders Require Insurance on a Flip? Your loan documents decide whether insurance is required. Here is how to find the requirement and what papers satisfy it before closing.
- Coverage Explained House Flipper Liability Insurance: Who Gets Hurt on Site Agents, appraisers, inspectors, buyers and drivers all enter a house under repair. Here is which policy answers when any of them is hurt.
- Coverage Explained Mortgagee vs. Loss Payee on a Flip Policy: What Each Controls Two names a lender can use on a policy, mortgagee and loss payee: whose interest each protects, where it is written and what to request before closing.
- Coverage Explained What Happens When a Rehab Runs Past the Policy Term? A calendar of decisions for a late project and a policy period that is ending: what to ask, what to send and how extending differs from replacing.
- Coverage Explained Additional Insured, and What a Certificate Does Not Do Status on another party’s policy is granted by endorsement. The certificate only reports it, and the approved form says exactly that in its own words.
- Coverage Explained Builders Risk vs. a Dwelling Policy With a Cosmetic Endorsement The scope of work decides which contract a rehab belongs on. What each one is written on, what each covers, and when each one stops.
- Coverage Explained Coinsurance, and the Limit That Moves During a Rehab A coinsurance condition is a fraction, not a sum. On a rehab the amount it measures you against is settled after the loss, not the day you set the limit.
- Coverage Explained Earth Movement: the Exclusion That Is Not One Exclusion Earth movement is one heading over four different causes, and the way back onto a policy differs for each. What the form says, and where states split.
- Coverage Explained Flood, the NFIP, and a House That Is Not Finished Yet Flood on a rehab is a second federal contract with its own eligibility test, its own start date, and its own reading of a half-built structure.
- Coverage Explained Occupancy and Completion: Triggers That End Cover Early Construction cover stops on an event, not on a date. What each termination trigger means, which office declares it, and how to tell which one arrived.
- Coverage Explained Ordinance or Law: Why Code Upgrades Are Capped The code allowance is an exception written into an exclusion: opened only by a covered loss, sized as a share of a building limit somebody chose.
- Coverage Explained Percentage Wind and Hail Deductibles, and What They Attach To A storm deductible written as a percentage is calculated, not chosen. What four state departments say it multiplies, and why that base moves on a rehab.
- Coverage Explained Theft of Building Materials: Which Policy Answers Material bought for the job is neither the building nor contents yet. Which paper answers a site theft turns on the cause, the place and the interest.
- Coverage Explained Soft Costs and Delay: What Property Cover Never Pays A property form pays to put damaged building back. The weeks a stopped job costs you are a separate promise, bought separately — if it is bought at all.
- Coverage Explained Tools and Equipment: Floater, Builders Risk, or Neither Material, a trade’s tools and a hired machine have three different owners on one site. Ownership and custody pick the instrument — not the address.
- Coverage Explained Water Through an Open Envelope, and What Decides It Water in a half-open house could have arrived four ways. Which sentence of the form the claim is read under is the thing that decides it.
- Coverage Explained What a Short-Horizon Dwelling Policy Is For A term is a quantity of days recorded on one page. What shortening it changes about a dwelling fire placement is narrower than the phrase suggests.
- Coverage Explained What “Vacant” Actually Means on a Policy, and Who Decides The contract fixes the word, not the dictionary. How a published form keeps vacant, unoccupied and under construction apart — and who supplies the meaning.
- Coverage Explained Winterizing a Vacant Rehab, and the Freezing Condition The published form does not simply cover freezing. It conditions the cover on what you did before the cold — and it says so twice, in two opposite ways.
- Coverage Explained When Cover Attaches on a Rehab, and What Sits in the Gap Termination gets written down as a list of events. Attachment does not. Where a start date actually lives, what a binder is, and what stands in between.
- Coverage Explained Why a Standard Dwelling Policy Excludes Renovation Losses What a dwelling form assumes about occupancy, condition and use — and the published conditions that decide whether it answers once the work starts.
Not sure which form your project is on?
Send us the address and the scope of work.