Investing In Homes Under Construction
I have paid to have a couple spec homes built. The contract with the builder states that the builder is not responsible for any losses or claims that may result in connection with the houses and their construction.
I want to know if I can get insurance now which will protect me while the houses are being built and also after they are finished. They will likely be finished in January or February. I intend to sell them soon after they are completed.
How can I be protected against claims and losses?
[ Edited by JoeTheInvestor on Date 11/25/2005 ]
What state are you in? In Florida you are supposed to get generally a one year contract. If your builders are refusing find new ones.