Builders Risk

Builder's risk insurance is a special type of property insurance that indemnifies against damage to buildings while they are under construction.

Your builder’s risk insurance policy can be structured to cover the following:

• Construction material,

• Heavy machinery and equipment,

• Temporary structures,

• Fencing,

• Scaffolding,

• Construction signs, and

• Landscaping.

Builder's risk may provide replacement cost coverage equal to the value of the property owned. Having the right valuation clause is an important aspect of protecting the insurable interest in a home project.

Some coverage will be part of a basic policy and other items will need to be added on. It is important that you work through the details of a policy beforehand.