Q. Can I buy open roof coverage under this policy?
A. Yes, at roughly 20% with a sublimit of 450,000.
Q. Is there coverage for remodeling?
A. There is no problem with remodeling or room additions.
Q. What other coverages can be added?
A. Condo, hospital, schools, 4 story buildings, torch work, overspray can be added. Please advise if these apply.
Q. Is there coverage for work in other states?
A. This is a national program, but currently there is no coverage for work in Louisiana.
Q. How is the premium calculated? Is it auditable? Is it broken down by services?
A. Premium is based on gross receipts, and yes, it is auditable. Keep in mind for budgeting. It is not generally broken down by services.
Q. What are subcontractor requirements?
A. (1) Hold Harmless Agreements, (2) Name you ad additional insured, (3) be insured for at least $1mil/$1mil (exact match not required, and (4) certificates of insurance provided.
Q. What about house raising, leveling and shoring.
A. Coverage for these is not available under the contract.