Ask Your Question

Angie's List Answers is the trusted spot to ask home improvement and health questions and get answers from service companies, health providers and consumers. For ratings and reviews on companies in your area, search Angie's List.

 
 
or
Submit
Top 30 Days Experts
Rank Leader Points*
1 kstreett 240
2 Guest_9020487 110
3 Guest_9190926 105
4 GoldenKid 100
5 ahowell 95
6 KnowledgeBase 95
7 skbloom 80
8 Guest_98024861 70
9 Guest_9311297 70
10 Guest_9400529 70

*Updates every 4 hours

Browse Projects By Category

Question DetailsAsked on 9/17/2013

Isn't there a difference between being insured and being bonded?

We interviewed a prospective client to do some kitchen and den renovations, but when asked about being bonded, he said he was insured but not bonded. We got his agency's name off of Angie's List.

Do you have the same question? Follow this Question


2 Answers

0
Votes

Yes. They are 2 completely different things. Some contractors carry both but most have one or the other or neither. Not being bonded but being insured is not a red flag in my book. You need to find out what his insurance covers. He should be willing to provide a declarations certificate with his bid/estimate if asked. You don't want someone who isn't appropriately insured for the work he is doing. As an example, many roofing contractors are insured but don't actually carry coverage for roofing work. It's very expensive and many customers don't check what they are actually covered for. If he were bonded and not insured I wouldn't dismiss him either. A performance bond ensures he does the work properly. You can claim money against either a bond or insurance if the project goes awry. The big difference is most contractors who are insured also carry some sort of protection for workers they hire to be on your property in case of injury. These policies often only cover emplyees and not sub-contractors so if he is following the trend of eliminating employees in favor of sub-contractors to save the rising employment costs this part of his insurance policy will be of little use to either of you. Before you hire anyone to do any significant work on your home it is a good idea to call your insurance agent to make sure you have coverage for anyone on your property. Then if there is an accident you know you are covered regardless of whether the contractor's insurance pays the claim or not. Never trust insurance. Just because he has a stated coverage doesn't mean they don't have a clause hidden somewhere to get out of paying.

Answered 7 years ago by Todd's Home Services

0
Votes

Here is an Angie's List article on this subject that might be of interest to you -
http://www.angieslist.com/contractor/...

Answered 6 years ago by LCD




Related Questions


Terms Of Use
|
Privacy Policy