New Construction Insurance
Protection for newly built homes during and after construction.
Typical cost: $800 – $2,500+ per year
New Construction Insurance
New construction insurance covers homes during the building process and immediately after. Builders typically carry coverage during construction, but homeowners should understand when their policy needs to begin and what unique considerations apply to new homes.
During Construction
Builders carry builder's risk insurance during construction. Verify your builder has adequate coverage and you're listed as additional insured. As the owner, you may need to provide homeowners coverage once construction reaches a certain completion percentage or at closing.
New Home Advantages
New homes often qualify for insurance discounts due to modern building codes, new electrical and plumbing, and updated safety features. However, rebuild costs may exceed purchase price, so ensure dwelling coverage reflects true replacement cost.
What's covered
Dwelling Coverage
Covers the newly constructed home at replacement cost value.
Building Code Upgrades
Covers rebuilding to current codes (though less relevant for new construction).
Personal Property
Protects belongings as you furnish the new home.
Liability Coverage
Covers injury claims from visitors to your new property.
Builder Warranty
Coordinates with your builder's warranty for defects.
Tips
- • Coordinate coverage transition with your builder's policy
- • Get dwelling coverage based on rebuild cost, not purchase price
- • Take advantage of new home discounts from insurers
- • Document upgrades and customizations for accurate coverage
- • Review builder warranty to understand what's covered
Other home insurance types
Condo Insurance
Coverage tailored for condominium owners and their unique needs.
Townhouse Insurance
Protection for townhouse owners including shared wall coverage.
Mobile Home Insurance
Specialized coverage for manufactured and mobile homes.
Vacation Home Insurance
Coverage for second homes and seasonal properties.
Historic Home Insurance
Specialized coverage for older and historic properties.
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