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Article #385: The Importance Of Insurance When You Build A House

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It does not take much of an injury specifications, when you apply for the
nowadays to be worth a lawsuit of $10,000 permit.
and a really serious injury can well cost The permit is not difficult to get if
an owner $100,000 or more. your plans are complete and meet certain
The cost of insurance is a small drop in minimum requirements.
the ocean compared to this. Before you complete your plans, you
Juries are inclined to be very should secure from the building
sympathetic toward an accident victim and department a little booklet or a folder
to be rather liberal with the money of of typewritten sheets giving the building
the insurance companies. As they are not requirements in your district.
allowed to be told whether you are Then you can draw your plans so that they
insured or not, they assume that you are give the necessary information.
carrying insurance. Be safe and carry the The usual requirements include:
necessary legal protection. Floor plan showing all dimensions,
In some places a department of the state plumbing fixtures, light fixtures, window
handles all the workmen's compensation and door sizes, and the use of each room.
insurance; in others, private insurance Foundation plan showing size of
companies may operate in the compensation foundation and footings.
field. Roof plan showing hips, valleys, and
Find out and be legally protected against slope of roof, and the kind of roofing
all lawsuits arising from accidents or material.
incidents of your building operations. At least two elevations, the front and
The cost of compensation insurance for one end. Cross section showing how to
the entire job probably wouldn't be more house is to be built.
than $40 or $50, and it doesn't pay to Plot plan showing how far the house is to
take a chance. be from the street, the distance from the
Contractors and sub-contractors are lot lines on the sides, the sewer lines,
supposed to carry their own compensation the septic tank in case there is no
insurance, but it is well to inquire into sewer, where the water pipe comes in,
it before you let them start to work, as where the gas meter is located, and where
you are liable for anything that happens the electric service enters the building.
on your job. If you have a little time but not much
If they do not carry the proper money, then you will have to build the
insurance, then you should carry it, or house instead of paying someone else to
not hire them; find someone who is do it.
properly insured. It is a good idea to use a mortgage
Building Permit calculator when you use a mortgage to buy
Most cities and many counties require your house.
that you get a permit before you start A percentage point does not look much but
building. it is surprising how it can make a big
You will furnish the licensing agency two difference to your total outlay over 25
complete copies of the plans and years.






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