Property Damage and Demolition Insurance

Demolition is a very complicated field, which is why property owners rely on the expertise of ABH Services when needed. Here are a few key takeaways on types of demolition service, kinds of property damage, and the structural problems that demolition insurance carriers will pay for.

When Should a House or Business Be Demolished?

Any severely unstable or seriously damaged or moldy structure should be inspected for demolition. Partial demolition may also be a possibility, which you’ll want to ensure you choose a trustworthy company with extensive demolition expertise. A home or business that is severely damaged may be cheaper to rebuild rather than repair or renovate, which requires careful evaluation.

City ordinance and zoning may also inspect a building and require a partial or complete demolition service due to a building’s age, structural instability, or public nuisance. In cases where residents, neighbors, or community members are at risk, residential and commercial properties, as well as garages, can be lawfully demolished when the property owners fail to respond to public safety issues in an acceptable time.

Key Takeaways on Demolition Service:

  • The extent of Structural Issues & Repair Factors Can Affect Demolition
  • Cost of Renovating or Repairing Can be More Than Rebuilding a Home or Business
  • Demolition is Recommended for Old or Outdated Buildings Without Historical Significance
  • Demolition Is a Great Way to Redesign and Rebuild a Structure with More Room or Living Space
  • Demolition Policy & Procedures Are Controlled by Local Ordinances & Organizations Such as HOAs
  • Demolition Service to Remove a Structure May Increase the Value of A Piece of Property or Vacant Lot

What Is Demolition Insurance?

Demolition insurance is a type of policy protection that covers property owners who need a building torn down and demolished after an event such as an earthquake, snowstorm, or a fire causes irreparable or exorbitant damage. Coverage also generally covers property damage or bodily harm. Insurers may also approve demolition service coverage after city ordinance or zoning believe public safety concerns are present. ABH Services also carry commercial general liability insurance that covers demolition contractors on the job, so your property is doubly protected from property damage or personal or workplace injury.

Key Takeaways on Demolition Service

  • Demolition insurance covers the cost of demolishing hazardous structures.
  • Regular home insurance policies may cover natural disasters or hazardous disasters.
  • Demolition insurance may not be included in home insurance policies. If it is included, it may only pay for a portion of the final demolition cost.
  • Demolition insurance may or may not pay for demolition debris removal services. You may want to check before demolition to understand potential out-of-pocket costs.
  • Demolition companies should have demolition insurance to safeguard against property damage or workplace accidents or injury. ABH Services is fully insured so that our customers are covered, too.

To receive information on demolition service for Eastern Massachusetts and Southern New Hampshire, call our office at (781) 941-2422 or visit us on Facebook at https://www.facebook.com/abhservices/.