Hold Harmless Agreement or insurance?

Before you enter into any contract for the removal of an old barn, you need to address the matter if insurance. If you are dealing with a reputable building salvage company, they will carry a insurance policy. You must receive a certificate of insurance that list you as the seller and your address as insured. This document will have a phone number for the insurance company, as well as the policy account No. and policy holders address. This should be available before the contract is made binding. As the seller of an old barn you should call the insurance company, and inquire on the document to ensure the legitimacy of it. Also at this time inquire as to weather or not the contractor is insured for demolition, wrecking or razing on tall structures. And if removing the structures footer the policy must include digging & excavating. If all checks out than the insurance certificate is binding. 

  When a contractor has understated the job description to there insurance agent, and things go wrong it can leave the seller wide open to damages because the insurance company may not want to pay a claim because the job description may have been misrepresented on the application. Following this short guide will help you know you are covered.

 The only other option is to sell the barn to transfer ownership then a hold harmless agreement will be sufficient in protecting you from liabilities and dammage.