The Importance Of Insurance When You Build A House

It does not take much of an injury nowadays to beapply for the permit.
worth a lawsuit of $10,000 and a really serious injuryThe permit is not difficult to get if your plans are
can well cost an owner $100,000 or more.complete and meet certain minimum requirements.
The cost of insurance is a small drop in the oceanBefore you complete your plans, you should secure
compared to this.from the building department a little booklet or a
Juries are inclined to be very sympathetic toward anfolder of typewritten sheets giving the building
accident victim and to be rather liberal with therequirements in your district.
money of the insurance companies. As they are notThen you can draw your plans so that they give the
allowed to be told whether you are insured or not,necessary information.
they assume that you are carrying insurance. Be safeThe usual requirements include:
and carry the necessary legal protection.Floor plan showing all dimensions, plumbing fixtures,
In some places a department of the state handles alllight fixtures, window and door sizes, and the use of
the workmen's compensation insurance; in others,each room.
private insurance companies may operate in theFoundation plan showing size of foundation and
compensation field.footings.
Find out and be legally protected against all lawsuitsRoof plan showing hips, valleys, and slope of roof,
arising from accidents or incidents of your buildingand the kind of roofing material.
operations.At least two elevations, the front and one end. Cross
The cost of compensation insurance for the entiresection showing how to house is to be built.
job probably wouldn't be more than $40 or $50, andPlot plan showing how far the house is to be from
it doesn't pay to take a chance.the street, the distance from the lot lines on the
Contractors and sub-contractors are supposed tosides, the sewer lines, the septic tank in case there is
carry their own compensation insurance, but it is wellno sewer, where the water pipe comes in, where
to inquire into it before you let them start to work,the gas meter is located, and where the electric
as you are liable for anything that happens on yourservice enters the building.
job.If you have a little time but not much money, then
If they do not carry the proper insurance, then youyou will have to build the house instead of paying
should carry it, or not hire them; find someone whosomeone else to do it.
is properly insured.It is a good idea to use a mortgage calculator when
Building Permityou use a mortgage to buy your house.
Most cities and many counties require that you get aA percentage point does not look much but it is
permit before you start building.surprising how it can make a big difference to your
You will furnish the licensing agency two completetotal outlay over 25 years.
copies of the plans and specifications, when you