Do I Need Builders Risk Insurance To Purchase A Home Where We will Do Major Renovations Before Moving In? 
That is entirely possible . It is a good idea to talk with your Insurance Professional about your specific situation and plans for the house in order to determine the best possible means of protection available tio you . If the work needed is extensive , requiring structural renovations or major upgrades in electrical , HVAC or plumbing systems for example , it is likely that it would be hard to find an insurance company that would offer a standard Homeowners ' policy in that situation . A builders risk policy , covering you for the duration of the work , would in that case be the way to go . 