Thp Home Builders Liability Insurance Policy (HBLIP) also covers home owners who are injured on the property of a builder or a contractor. This insurance is designed to compensate victims of injuries and death resulting from the negligence of a contractor engaged by a builder’s association. This insurance covers the injured party for all costs and damages resulting from an accident on the property of the builder or a contractor. This insurance is also required by law because it ensures that victims of accidents on the property of a builder or a contractor are adequately compensated for any injuries and medical bills they may incur.
Thp – HOME BUILDER SECRETS
The Home Builders Liability Insurance Policy covers a builder or a contractor who is negligent, engaged in any business without a license, or is engaged in any dishonest or fraudulent act in connection with the construction of the home’s property. These laws also apply to home builders and contractors who are engaged in any other business that involves the construction or building of homes.
The Home Builders Protection Act does not apply to contractors who are engaged in a licensed profession. These professionals are not subject to the same standards of conduct as contractors engaged in home construction. Contractors engaged in a licensed profession are not required to carry an HBLIP policy. If you are in the home construction business, you should carry an HBLIP policy.