Builder’s Risk
The Builders Risk program provides coverage to buildings, either residential or commercial, while under construction. The coverage can protect either the entire new construction process or simply a small renovation.
Advantages and Capabilities
- Comprehensive program
- Multiple coverage options
- “All risk” coverage, including theft and vandalism, accidental losses, general damages and destruction of property for which the insured has a valuable interest.
- Coverage protects Ccontractor’s materials at the job site, materials in transit that will be used on the job and the assessment of the constructed property until the final ownership is maintained by the title-holder
- Optional coverage for financial costs, additional interest expenses, leasing and marketing expenses, legal and accounting expenses, delay in completion and miscellaneous carrying costs.
Examples of Buildings at Risk
- Residential Homes
- Modular or Pre-Fabricated Homes
- Commercial Construction Projects
Examples of Potential Losses
- Collapse
- Fire Damage
- Vandalism or Malicious Mischief
- Water, Snow or Ice Damage
- Theft of Building Materials
- Lightning, Wind and Similar Forces
Contact us today to learn more about Residential or Commercial Builder’s Risk coverage. Our experts are ready to help!
