Hiring a Licensed Contractor Will Save You Money
When searching for someone to do work on your home, you absolutely want to choose a licensed contractor. You will come across unlicensed contractors who will bid to do the work for less money, but it’s not worth it in the long run. Licensed contractors carry two types of insurance with them: liability insurance and worker’s compensation.
Liability insurance covers the homeowner in the event that the contractor does damage to your home. There are many what ifs when it comes to a major roof repair or replacing your windows. If you have an unlicensed and uninsured contractor working on your home, and they cause significant damage, your homeowner’s insurance will not cover it. So, you’re left liable.
Furthermore, if the contractor gets hurt on the job and is uninsured, you’re required to cover medical costs and lost wages. Homeowner’s insurance covers some of this claim, but after you meet your deductible your rates could increase. This makes it more difficult to get insured in the future. And if the injured worker is out of work for years, you pay.
A multitude of things can go wrong on a construction job. If they do, the general contractor is the one left responsible. However, if you hired an unlicensed contractor then you are in fact the general contractor.
Bottom line: hire a licensed contractor. Hiring someone who isn’t licensed could potentially cost you everything that you own. It also leaves you open to be sued.
When you hire a licensed contractor, you’re paying for peace of mind. They are insured. They paid to get licensed to prove to you that they’re worth the money. There are a lot of dishonest people out there that try to lure you in with cheap prices. Don’t be fooled. You pay for a certain amount of expertise and assurance when you hire someone who is licensed and insured.