What are the specifics of the policy coverage if I am approved?
If you read all of these FAQ’s and read the consumer disclosures, you will have a full understanding of the specifics of the potential policy coverage. Policy coverage cannot be discussed with you in detail until after you have submitted a complete application. Do you cover theft of construction materials? Yes. 99.9% of our policies cover theft of construction materials. You can assume that your coverage will include losses due to theft. We will advise you if you are not eligible for this coverage. If eligible, we typically do not limit this coverage except in situations such as: a named insured steals from himself or the missing material is discovered only when taking inventory. Any unusual or uncommon limitations will be fully disclosed. We know that Farmer’s, Allstate, Statefarm, and many others do not cover theft of construction materials. Will my policy be for replacement cost? New construction is covered on a replacement cost basis. Remodel construction is covered as follows: the
