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Builders Risk

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Builders Risk Insurance 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.  The 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 bathroom. Damage to construction material that occurs in transit or during storage could also be covered under a builders risk insurance policy.

Builders risk insurance can be in name of the contractor, property developer or even the property owner if he is responsible for insuring it while the property is under construction.

Builders Risk can be tailored to protect your project big or small.