Contractors Builder’s Risk Insurance

A Builder’s Risk policy is designed to provide coverage for buildings while under construction. It covers the contractor’s interest in materials at the job site before they are installed, materials in transit intended for the job and the value of the property being constructed until it is completed and accepted by the owner. A policy may be written to cover the whole structure for New construction or the cost of Remodeling and Renovation projects. It can also be used to cover specific projects such as a new room addition, a deck or a remodeled kitchen.

The named insured of a Builder’s Risk policy is usually the contractor or developer of the property. However, it may be the building owner or homeowner if they are responsible for insuring the property while under construction. A mortgagee or lien holder may be added as an additional insured at no additional charge.

The standard deductible is $500. However, other deductible amounts are available and the deductible applies only once per loss. Higher deductibles will help to significantly lower your premium.

Program Highlights

  • Total Insured Value up to $1.5 Million online and up to $3,999,999 on an online referral basis!
  • Replacement Cost Valuation Included
  • New Construction, Renovation and Existing Structure coverages available!
  • Extensions, inventory and model home policies available!
  • One to 4 Family Residential Units OK

Find out more!

Call us at 800.830.1705 or Click Here to get your application process started.

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