Builder's Risk

Whether you are building your dream home from the ground up, or renovating a classic, you’ll need a builders risk policy to ensure you are covered for claims that arise from construction.

What is Builders Risk Insurance?
‍Simply put, builders risk insures a structure while it's under construction. Its coverage protects a person’s or organization’s insurable interest in materials, fixtures and/or equipment to be installed during the construction or renovation of a building or structure should those items sustain physical loss or damage from a covered cause. The policy is often required to comply with government regulations or as a condition to meet banking or other contractual arrangements. 

‍Does my homeowners policy cover this type of risk? 
‍The short answer is No. Homeowners policies are intended to cover fully built, and completed homes. Losses that happen to homes under construction, or due to construction (when renovating) would not be covered by a standard homeowners policy.