Contractors Proof Of Insurance

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Do any of you ask for proof of insurance from contractors you hire? Like disability, business liability. Or what kinds should I ask to see.

Thanks

Comments(7)

  • mosbyone5th November, 2005

    Thanks that will be a great help.

    Paul

  • norrist13th November, 2005

    ...and if all you have from current contractors is a COI copy, contact the Agency or company indicated and get a current one...[ Edited by norrist on Date 12/03/2005 ]

  • ZinOrganization12th November, 2005

    Bridgport, is that up by Hartford.

    What you have listed is definetly NOT common. There could be two reasons for that. One being the market your in, if my instincts serve me correct Bridgport is a pretty bad area and a basic rule is never overbuild or overrehabb for your area, especially if its in the "ghetto".

    Another reason for what you have seen could possibly be "newbie" investors with "dumb money" who are overpaying for houses, therefore they have to skimp on the rehabb and overlist.

    A lthough i could be wrong I have a hunch that its one of the two.

  • bgrossnickle13th November, 2005

    I use to be very detailed also, but I have definately relaxed. Since I do not perform the rehab, I have to rely on others to get the work done. When I go to site there are plenty of things that are not done the way that I would prefer, but my main push is to have the rehab started the day I buy the house and have the rehab done in as short a time as possible. This way the project costs me less and I can do more houses a year. Plus almost every buyer will get a home inspection. Even the ones that come without a realtor I suggest that they get a home inspection. The inspector will have to find stuff, that is what they are paid for. It does not bother me to give the inspector a couple of easy things to find. And you would be surprised, some of the things that you thought would be obvious, do not make the report. If the problems on the inspection report are not critical for the financing, then I try to negotiate the price instead of doing the repairs.

    I do address any safety issues. And the overall cosmetics must be good to draw in the buyer. But paint drips, baseboards not perfectly chalked, grout on the bathroom walls, electric switches not straight, bathroom stoppers missing, obvious wall patches, etc - I let these things slide. My houses are typically blue collar and the average buyer spends less than 20 minutes in the house prior to moving in.

    Brenda
    I do

  • Stockpro999th November, 2005

    Use backerboard, you could float a floorpan but if possible get a showerpan and place in floor for ease and speed of installation..
    [addsig]

  • drdanger10th November, 2005

    Stockpro,

    Do you then apply the tile over the floorpan directly?

    Thanks

  • drdanger13th November, 2005

    Thanks for all of the input!!

    Although I would have liked to DIY the shower pan and tile, I opted for the fiberglass pan, and 3 peice wall unit. Time better spent on other areas of this total rehab

    Thanks

    Dr D

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