What is Builders Risk Insurance?
Whether you’re building a new home, developing a site or rehabbing an existing structure, making sure your construction project is covered is important for protecting your investment. Builders Risk insurance, often called Course of Construction Insurance, is designed to protect your interest in materials and equipment needed for the job from physical loss or damage.
Watch this handy video tutorial as we walk through some of the basics of Builders Risk Insurance and how to get the best value for your money. (5 minutes)
Builders Risk Insurance Protects the Unexpected
Plants and Trees
In most cases a policy covers labor, materials and equipment used during the course of the construction project. Some policies even cover profit.
What's Not Covered?
Earthquake, flood or wind are typically not covered in coastal areas often need additional coverage unless specifically added to the policy.
Is it Affordable?
A builders risk policy will typically cost 1% to 5% of the total construction budget, and can be customized to meet the needs of the customer.
How Long does it last?
Typically the policy lasts 3, 6 or 12 months, but can be extended until the project is completed or the structure is occupied. A new policy is needed when project completes.
Are you Ready? Let’s go!
Please click the instant quote button to begin building your project estimate for Builders Risk Insurance or simply give us a call. We’ll be happy to walk you through, answer any questions you have and get you the affordable policy you really need.
Our agents write hundreds of builder’s risk policies a month. Get a policy customized to suit your business needs at a lower cost than with a local agent. We will save you time, money and you'll avoid all the hassle.