Common use of Homeowner’s Insurance Clause in Contracts

Homeowner’s Insurance. The Homeowner shall be responsible for purchasing and maintaining an active Homeowner’s Insurance Policy that fully covers the Property throughout the duration of this Contract. The Homeowner is responsible for communicating any and all information that the Homeowner’s Insurance Company may need to underwrite and issue a policy during the construction project. The Homeowner understands and agrees that it is their responsibility to secure any and all insurance to project their property. a. Builder’s Risk Policy. The Homeowner understands that if the home is unable to be lived in at any point of the construction phase that they are required to purchase and maintain a Builder’s Risk Insurnace Policy for the Property unless they are able to provide written proof from their Insurance agency that their Homeowner’s Insurance Policy will supersede Builder’s Risk and that they will continue insuring the Property during the uninhabitable phase of construction. Contractor- Initial Borrower - Initial Initial

Homeowner’s Insurance. The Homeowner shall be responsible for purchasing and maintaining an active Homeowner’s Insurance Policy that fully covers the Property throughout the duration of this ContractAgreement. The Homeowner is responsible for communicating any and all information that the Homeowner’s Insurance Company may need to underwrite and issue a policy during the construction project. The Homeowner understands and agrees that it is their responsibility to secure any and all insurance to project protect their property. a. Builder’s Risk Policy. The Homeowner understands that if the home is unable to be lived in at any point of the construction renovation phase that they are required to purchase and maintain a Builder’s Risk Insurnace Insurance Policy for the Property unless they are able to provide written proof from their Insurance agency that their Homeowner’s Insurance Policy will supersede Builder’s Risk and that they will continue insuring the Property during the uninhabitable phase of constructionrenovation. Contractor- Initial Borrower - Initial Initial

Homeowner’s Insurance. The Homeowner shall be responsible for purchasing and maintaining an active Homeowner’s Insurance Policy that fully covers the Property throughout the duration of this Contract. The Homeowner is responsible for communicating any and all information that the Homeowner’s Insurance Company may need to underwrite and issue a policy during the construction project. The Homeowner understands and agrees that it is their responsibility to secure any and all insurance to project their property. a. Builder’s Risk Policy. The Homeowner understands that if the home is unable to be lived in at any point of the construction phase that they are required to purchase and maintain a Builder’s Risk Insurnace Insurance Policy for the Property unless they are able to provide written proof from their Insurance agency that their Homeowner’s Insurance Policy will supersede Builder’s Risk and that they will continue insuring the Property during the uninhabitable phase of construction. Contractor- Initial Borrower - Initial Initial