Builders Risk Question

[JCK818]

Quick question for you guys. If a homeowner already has a good HO3 policy and they need to get a builders risk policy because of construction work, do they need to cancel the HO3 or can they have both at the same time?

 

[Theinsuranceguys]

You can't have the home insured with two different carriers. Cancel the HO3 and rewrite after work is completed. Most carriers do not allow construction on HO3 policies anyways.