Purchasing insurance for your North Carolina home may be a requirement for anyone with a mortgage, but it’s also a smart move. Your insurance policy protects your house and yourself from accidents, damage, and other unforeseen events that are too costly for you to repair or replace yourself.

The fact is that the standard homeowner’s insurance policy does not cover every possible situation that could occur. It’s best to understand what your policy won’t cover and what you can purchase additional coverage for, in order to reduce your risk.

Take a look at these 10 things that your homeowner’s insurance policy does not cover.

You’ve made the decision to go for it. You’re finally going to build your North Carolina home, new business, or commercial building! You know exactly what type of wood floors you want, the color of the marble for your bathroom, the exact brick you’ll use on the outside. The plans are finished, and you’re ready to go.

You’ve read through the contract between you and the builder multiple times. Your contractor has all of the necessary insurance policies in place, but do you have the insurance that you need? If you don’t have a Builder’s Risk insurance policy, the answer is “no.”