Builders Risk Insurance
The Best Builders Risk Insurance
Protect buildings and structures under construction from damage and loss.
Builders risk insurance covers buildings, structures, and materials during construction, renovation, or remodeling. It protects against fire, wind, theft, vandalism, and other covered perils that can damage a project before completion. Coverage typically includes the structure, building materials, fixtures, and equipment installed on site.
What's Covered
- Structure under construction
- Building materials on site
- Materials in transit
- Temporary structures
- Fixtures and installed equipment
- Soft costs and delay coverage
FAQ
Frequently Asked Questions
Builders risk insurance covers the structure under construction, building materials on site and in transit, fixtures and equipment being installed, temporary structures, and soft costs like architect fees if a covered loss delays the project.
General contractors, home builders, property owners, and developers need builders risk coverage on active construction and major renovation projects. Lenders typically require it before financing.
Premiums typically run 1% to 4% of the total construction cost. A $500,000 project might cost $5,000 to $20,000 for the policy term.
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