If you are building a home in California, part of the process may involve figuring out how to stay within your budget. You may try to decide whether builders risk insurance is a necessary expense. In many cases, it depends on the circumstances and specifics of your building project. While a builders risk insurance policy may be extremely important when you are building a home from the ground up, you may not need this type of coverage for a small home renovation project, such as remodeling your kitchen.
Legal issues involving insurance coverage can be confusing, and they can also be very stressful when a claim is denied or a business owner faces challenges due to claims that they were not covered. These disputes can not only lead to litigation, but the outcome of a dispute could have a significant impact on an individual's finances as well as a business' future. For many people in this position, life can become unbearably stressful. Worse yet, this stress can get in the way of handling a dispute properly and lead to other challenges.