Individual dwellings and commercial projects under major renovation or new build need special insurance to ensure they are properly covered during construction. Many think their home insurance or business property insurance will cover them or their general contractor's insurance is enough. This is simply not the case. Relying on these policies leaves owners with significant holes in their coverage that can lead to unexpected cash outlays. The homeowners policy, for example, is designed to insure an owner-occupied home because of this, there's a chance a carrier could categorize a detached structure under renovation as unoccupied. 

​Ineligible Builder's Risk
Please note we cannot offer coverage to the following:

• Construction projects that have already started
• Where the contractor has fewer than three years of experience in the type and size of building being constructed
• Taking place on filled land
• Risks located in AK, LA or WV

​Available Coverage for Builder's Risk

• All risk inland marine form including theft
• Policy written for the full duration of the construction project
• Replacement cost valuation
• Coverage for transit exposures automatically included
• Policy extension done with a simple endorsement
• Builders Value Plus endorsement includes soft costs coverages

Coverage Limits Available for Builder's Risk
Property values up to $3,000,000 in protection classes 1-8, up to 1,500,000 for frame constructionl $1,000,000 in protection classes 9-10 or up to $500,000 in coastal zones (excluding wind and hail coverage)

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