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If the house is worth 300K, then you buy hazard insurance on the home for 300k. It would be unlawfull (insurance Fraud) to over-insure your property.

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Q: How much hazard insurance policy to cover for 300000 house?
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Will insurance cover joists falling off of main girder?

If you are having this construction done by a bonified contractor, then their insurance should cover any/all damages. If you, the homeowner, are doing the construction and someone gets hurt, your home hazard insurance policy should cover that. Your home policy most likely will not cover other damages.


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