builder’s risk insurance is insurance for buildings under construction. If damage occurs due to severe weather that does not include a tornado, flood or earthquake. Fire, vandalism or theft at the construction site.
builder’s risk insurance covers repairs to the building under construction and materials on the construction site in the event of theft, fire, bad weather conditions (wind, rain, hail) or vandalism.
The most common case is vandalism and theft. Because such facilities are not guarded at night. It is easy for someone to break windows, steal materials, destroy installations…
If there is a possibility of flooding or tornadoes. You can extend this policy to protect against weather disaste
Please note that this policy does not cover faults due to construction errors or the selection of incorrect materials. For such protection, you need Professional liability insurance
It does not cover your tools or workers
If there is a possibility of flooding or tornadoes. You can extend this policy to protect against weather disasters.
The price depends on several factors. But consider that the price is between 1% and 4% of the total value of the finished building.
Of course, consider higher premiums if you work with expensive materials.
Save money by comparing insurance quotes from multiple carriers or get better coverage.
Whatever your needs, give us a call, have you been told you can’t insure your risk, been turned down, or simply unhappy with your current insurance? Since 1995 we’ve been providing coverage to our customers, and helping people across United States.