Do I Need Builders Risk Insurance To Purchase A Home Where We will Do Major Renovations Before Moving In? 
I do n't recommend using the builder to purchase the builders risk policy on a renovation project . You need coverage on the existing structure and most builders would not be covering anything but the renovation amount . They would only be covering the amount of the renovation . Purchasing the policy yourself puts you in control of the policy and allows you to make sure that you are adequately covered . In looking at David 's response , I am in agreement that you should be named as additional insured on the contractors general liability policy and also get a certificate for their workers compensation . 