Overview of Builder’s Risk Insurance
Builders risk insurance covers a building while it is under construction or renovation, including work in progress and the materials, fixtures, and equipment to be installed. It may respond to losses like fire, storm, theft, and vandalism on the job site, filling a gap that a standard property policy is not designed to handle.
A building under construction is exposed in ways a finished structure is not, and a standard property policy is not designed for a jobsite. Builders risk fills that gap by covering the project itself while it is being built or renovated. We help California contractors, owners, and developers put this coverage in place for the length of the job.
What is covered by Builder’s Risk Insurance Insurance?
What does Builder’s Risk Insurance cover?
- The building or structure under construction or renovation, including work in progress.
- Materials, fixtures, and equipment that will be installed as part of the project.
- Property while it is on the jobsite, and often while in transit or temporary storage before it is installed.
- Soft costs in many cases, such as lost rents, extra interest, and permit or design fees tied to a covered delay.
Why Builder’s Risk Insurance Insurance is important
California projects face wildfire, wind, and theft exposure during construction, and standard property and builders risk policies typically exclude earthquake and flood. We also help make sure the coverage amount tracks the completed value so the project is not underinsured as it rises.
Who needs Builder’s Risk Insurance Insurance?
Builders risk fits ground-up construction, additions, and larger renovation and remodel projects. A contractor building a custom home, a developer putting up a multi-unit project, or an owner renovating a commercial space all have property at risk before the work is done.
How to get Builder’s Risk Insurance
Tell us about the project, the timeline, and who carries the risk. We review the exposures with you, help you set the coverage period and the completed value correctly, and put the right policy in place before ground breaks. We stay available as the project changes and are there if you need to file a claim.
Common questions about Builder’s Risk Insurance
Answering the most frequently asked questions about Builder’s Risk Insurance.
