Insurance for the custom home build
Course of construction insurance covers a structure and project while it is being built or renovated, and it is often placed in the owner’s name to protect the owner’s interest. It may respond to losses like fire, wind, theft, and vandalism during the build, along with certain soft costs tied to a covered loss.
When a project is underway, someone carries the risk of loss until the work is complete. We help California owners and developers put this coverage in place so a loss mid-project does not derail the whole build.
When coverage is required
Who needs it? Owners and developers building or substantially renovating a property, and owners who want their own interest protected rather than relying solely on a contractor’s policy. If you are financing the project, a lender will usually require this coverage and may want to be named on the policy.
The builder’s insurance protects the builder. This policy protects you.
Course of Construction vs. Builder's Risk
Course of construction versus builders risk: the coverages overlap, but the named insured usually differs. Course of construction is often placed in the owner’s name to protect the owner’s interest in the project, sometimes called owner-interest coverage. Builders risk is often written in the contractor’s name.
When the homeowner is the Named Insured:
For homeowners building on their own land, relying solely on a builder’s policy leaves critical gaps in liability and control.
Premises Liability and Property Exposure
California construction sites face wildfire, wind, and theft exposure, and course of construction policies, like standard property, typically exclude earthquake and flood. We also help confirm the coverage amount matches the completed value so the project stays adequately insured as it progresses. If a loss happens mid-build, we advocate for you.
Start Your Course of Construction Insurance Quote
Schneiderman Insurance Agency makes the process of finding course of construction insurance convenient for you. Tell us about your situation, we review your risks and options with you, we help you put the right coverage in place, and we stay with you at renewal.
